The move is little more than a formality, as there was never any real doubt that the Cardinals would exercise the mere $500K option. That option was a large part of the reason that Lackey was so desirable at this year’s trade deadline and a large part of the reason that the club was willing to part with both Joe Kelly and Allen Craig to land him.
Lackey’s original five-year, $82.5MM contract with the Red Sox contained a clause stipulating that if he were to miss a year due to a significant elbow injury, Boston would gain a sixth-year option at the league minimum rate. Lackey underwent Tommy John surgery during the life of that original five-year term, thus triggering the clause. Though the salary is obviously not ideal for Lackey, he has said multiple times that he plans to honor the commitment.
Lackey, who turned 36 last week, pitched to a 3.82 ERA with 7.5 K/9 and 2.1 BB/9 in 198 innings for the Red Sox and Cardinals this season. However, he was markedly better with Boston than he was with St. Louis, as he posted a 3.60 ERA (3.56 FIP) with the Sox compared to a 4.30 ERA (4.27 FIP) with the Cards.