Albert Pujols

MLB executives, owners and agents told ESPN.com’s Jayson Stark that they see Albert Pujols agreeing to an extension with the Cardinals between now and Spring Training. And the deal will likely make Pujols one of the richest players in baseball history. The sides figure to agree to a deal worth $240MM over eight years, in the estimation of Stark’s sources.

Pujols, who is scheduled to hit free agency after the season, will stop negotiating with the Cardinals once Spring Training begins. And scuttlebutt from other clubs suggests Pujols and agent Dan Lozano will start by asking for a ten-year, $300MM deal.

But Cards GM John Mozeliak is unlikely to want to pay the first baseman $30MM per season while he’s in his early forties, so Pujols’ deal may not be worth more than Alex Rodriguez’s record ten-year, $275MM contract.

If Pujols hits free agency, interest will be widespread. Even clubs like the Yankees and Red Sox, who have elite first basemen, could have interest in Pujols, according to one executive. Teams like the Cubs, Dodgers and Mets could also have interest, though there’s a good chance the first baseman won’t hit the open market.

I previewed a potential extension for Pujols earlier in the month.

It doesn't sound like Albert Pujols’ representatives are going to be shy in their negotiations with the Cardinals. There are early indications that Pujols and agent Dan Lozano have used Alex Rodriguez’s ten-year $275MM contract as the lone point of reference in discussions for a potential extension, according to Jon Heyman of SI.com.  

However, the Cardinals “are said to have initially suggested a contract that would guarantee Pujols at least a bit less than $200MM,” Heyman writes. Heyman’s sources believe the Cardinals would prefer not to guarantee Pujols more than seven years. One person said the Cards could offer a seven-year, $196MM deal. Other insiders suggest the team could agree to a $30MM annual salary or a ten-year deal, but not both.

Most people Heyman surveyed suggest Pujols won’t top $250MM if he signs an extension, since he is not negotiating on the open market and since the Yankees and Red Sox have established first basemen. 

Click here to vote on Pujols’ future, which will unfold within the next month or so. Lozano set a Spring Training deadline for a possible extension. If the sides don’t reach a deal, the three-time MVP will hit free agency after the coming season. As I explained here, A-Rod money is not an unreasonable target for Pujols.

6:24pm: ESPN's Buster Olney says (via Twitter) that if a contract can not be worked out by the deadline, Pujols "is intent on testing the free agent market." SI.com's Jon Heyman spoke to one executive that thinks Pujols would get 20% less than expected on the open market because big spenders like the Yankees, Red Sox, Phillies, and Tigers don't figure to enter the bidding given their first base situation (Twitter link).

Olney speculates that the Cubs, Angels, Dodgers, and Giants could be interested.

1:41pm: Dan Lozano, the agent for Albert Pujols, notified the Cardinals that Spring Training is the deadline for a new deal to be struck, GM John Mozeliak told Derrick Goold of The St. Louis Post-Dispatch (via Twitter). Earlier this week, Cards chariman and CEO Bill DeWitt Jr. said that he was "hopeful" that the club can extend Pujols by Opening Day.

It's difficult to find a dead-on comparison for the stellar slugger, but our own Ben Nicholson-Smith suggested that Pujols could compare himself to Alex Rodriguez who is earning $27.5MM per season over the life of his newest contract.  We don't know much about the inner-workings of the talks as it is, but earlier today Mozeliak vowed to keep his lips sealed on the matter.

Cardinals chairman and CEO Bill DeWitt Jr. told Jon Paul Morosi of FOX Sports that he is “hopeful” that the Cardinals can extend Albert Pujols by the time the season starts. The sides are not that far along yet, but they have had “discussions” and will continue to talk. They re-started extension talks last week.

DeWitt says the sides don’t necessarily have to agree to a deal by the start of Spring Training. However, Pujols has said that he doesn’t want to negotiate in-season. I suggested earlier today that it wouldn't be unreasonable for Pujols to compare himself to Alex Rodriguez, who signed the biggest contract in baseball history three offseasons ago.

DeWitt said he doesn’t expect “major” upgrades to his team’s roster between now and the start of the regular season. The Cardinals are not likely to add expensive position players, so Michael Young won't be going to St. Louis. He probably won't be going anywhere, as the Rangers have told him he's staying put.