8:21am: Mozeliak obtains a three-year deal through 2016, Goold reports (on Twitter). The Cardinals also formally exercised Matheny's 2014 option.
Matheny signed a two-year contract before the 2012 season. That deal included a 2014 club option which will be exercised today. The Cardinals reached the postseason in 2012, Matheny's rookie season. The club won 88 regular season games and advanced to the NLCS as a Wild Card team before losing to the Giants. The 42-year-old Matheny played at the MLB level for 13 seasons, winning four Gold Gloves as a member of the Cardinals, Brewers, Giants and Blue Jays.
Mozeliak had been working under a three-year contract covering the 2011-13 seasons. Since he became the team's GM following the 2007 season, the Cardinals have reached the playoffs three times and won at least 86 games every year. That run includes the 2011 World Series title and last year's NLCS appearance. ESPN.com's Keith Law recently ranked the Cardinals' farm system first in MLB.