Here’s a collection of reactions to the Cardinals’ new three-year, $60MM extension with Yadier Molina:

• The Cardinals originally wanted Molina’s extension to be a two-year deal, while Molina’s camp preferred four to five years, Fan Rag’s Jon Heyman writes. The two sides met in the middle at three years. Heyman acknowledges the deal is long and expensive for a catcher in his mid-30s, but says if the Cardinals were going to bend the rules for anyone, it should be for a “legend” like Molina.
• Many fans seem to think the Cardinals overpaid, but Ken Rosenthal of FOX Sports disagrees. Like Heyman, Rosenthal argues that Molina’s value is greater than statistics like WAR would suggest, given the hard-to-quantify value Molina creates in his work with the Cardinals’ pitching staff. Rosenthal also points out that the Cardinals franchise and the game in general are awash in money, and he describes Molina’s new deal as being partially a reward for what he’s already accomplished for the team. That last argument, of course, seems unlikely to sway fans who believe the Cardinals overpaid, although there’s no arguing his point that the Cardinals can afford to pay Molina a robust salary.
• Benjamin Hochman of the St. Louis Post-Dispatch also points out that the Cardinals’ new $1 billion television contract should insure the Cardinals against worries that they can’t afford Molina. Hochman describes the deal as a “statue signing” and links Molina to a line of all-time-great catchers that also includes Johnny Bench and St. Louis native Yogi Berra.
• The deal is not a “legacy contract,” says Cardinals GM John Mozeliak, via USA Today’s Bob Nightengale. “We believe he can compete at the highest level, and we still feel that Yadi is one of the best catchers in the game,” Mozeliak says. “Today is not about a sun-setting career. This is about us retaining the greatest catcher ever to wear the Cardinals uniform.”

The Cardinals are “making major progress” in extension talks with star catcher Yadier Molina, according to Jon Heyman of Fan Rag. With positive momentum toward a deal, it now seems an accord is “getting close,” per the report.

Molina said over the weekend that he would not be willing to discuss a new deal during the season, seemingly setting an Opening Day deadline to wrap talks up one way or another. If it doesn’t come to fruition, then the 34-year-old would almost certainly hit the open market after the season. Though his contract does include a $15MM mutual option, with a $2MM buyout, there’s little likelihood of both sides wanting to exercise that clause.

The terms under consideration aren’t clear at this point, but Heyman notes that the sides were working to bridge initial differences in the length of the new deal. Molina’s representatives opened with a four-year request, with the organization coming in at two seasons. That leaves three as the natural (and, in this case, seemingly reasonable) compromise point, though of course options could also be used to tweak the consideration in either direction.

SUNDAY: The Cardinals are “prepared to make a significant offer to keep” Molina in the fold, according to chairman Bill Dewitt Jr. (via Derrick Goold of the St. Louis Post-Dispatch). “We’d love to have him stay,” Dewitt added. While Molina “would love to stay,” he noted that there are “too many catchers making more money” than him (though only Buster Posey, Russell Martin and Brian McCann have higher salaries among backstops). On whether the Redbirds would be willing to make Molina the majors’ highest-paid catcher, Dewitt stated: “He would certainly be one of the highest-paid catchers. Part of that is (annual average value), part of it is length. That all factors into what he ends up looking for and what makes sense for the club.”

SATURDAY: Yadier Molina has set Opening Day as the deadline to reach a contract extension with the Cardinals, the catcher tells MLB.com’s Jenifer Langosch (Twitter links) and other reporters.  Like most players, Molina doesn’t want to be distracted by negotiations dragging on into the season.  If a new deal isn’t reached, the longtime St. Louis star said he isn’t afraid to hit the open market.

The two sides began preliminary talks about a new deal over a month ago, and Cards GM John Mozeliak said last week that the team would be open to continuing discussions into the season, since the Cardinals “are not a deadline organization, historically.”  It seems as if the Cardinals are trying to be as flexible as possible in handling Molina’s extension case, perhaps a wise tactic when determining the future production of a workhorse catcher who turns 35 in July.

Molina has already signed two extensions with the Cardinals during his career, and is entering the last guaranteed season of a five-year, $75MM pact.  (That deal contains a $15MM mutual option for 2018 with a $2MM buyout, though like most mutual options, it seems quite unlikely to be exercised.)  It’s hard to argue that the catcher hasn’t been worth that investment, as Molina has hit .296/.341/.412 since the start of the 2013 season while generating 12.1 fWAR and has continued to provide his customary strong defense behind the plate.  While Molina’s performance dipped a bit in 2015, he bounced back to hit .307/.360/.427 over 581 PA last season.

While the Cardinals have extended certain veteran stars (such as Molina himself and Adam Wainwright) rather than letting them test free agent waters, the club has also been willing to let franchise icons leave — i.e. Albert Pujols — if it feels the cost will be too prohibitive.  While Molina obviously won’t require nearly as massive a commitment as Pujols, there aren’t many catchers who have remained both healthy and productive enough to merit an eight-figure annual salary into their mid-to-late 30’s.

Molina, for his part, tells Derrick Goold of the St. Louis Post-Dispatch and other reporters that he isn’t close to the end of his career.  “I’ve still got many years in the tank.  Believe me,” Molina said.  “I feel great.  I feel like a 20-year-old kid.”  Molina’s remarkable durability notwithstanding, the Cardinals could explore extending Molina and then using him at first base in future years to keep him fresh and to ease top prospect Carson Kelly into catching duties.

Cardinals GM John Mozeliak addressed the contract situation of long-time catcher Yadier Molina with Ben Frederickson of the St. Louis Post-Dispatch. Though he declined to address specifics of any extension talks, Mozeliak emphasized that the club is “always open for business.”

That comment largely confirms the status quo; it has long been assumed that the Cards would attempt to work out a new contract for Molina, whose former extension includes only a mutual option for 2018. As camp opened, the sides were said to have begun at least preliminary talks, and agent Melvin Roman said recently that “both sides are trying to work hard and see if we can make it happen.” At the moment, Molina is away from the club while he competes with the Puerto Rican entrant in the World Baseball Classic.

But Mozeliak did also make clear that the organization wouldn’t put any timelines on talks. “We are not a deadline organization, historically,” he explained. “So, as far as timing and how that goes, I’m not drawing any lines in the sand.” Whether or not Molina and his representatives would be amenable to continuing discussions into the season remains to be seen, though Mozeliak’s comments seem to put that possibility on the table.

Meanwhile, the Cardinals GM didn’t express any alarm at recent comments from former big leaguer Bengie Molina, who suggested his brother would test free agency if he didn’t receive an offer to his liking. That’s to be expected, Mozeliak indicated. Much as the Cardinals star will be looking out for his own interests, the veteran exec says he’ll be “trying to do what’s best for [the Cardinals] organization,” noting that “there is always a short-term approach and a long-term approach” that must be accounted for even as he acknowledged Molina’s importance to the team.

Molina’s central role and workhorse approach present a somewhat unique situation. At 34 years of age, it’s at best questionable whether Molina can continue to thrive while playing 130 or more games annually. And the team has a prized prospect on the way in Carson Kelly. Figuring out how lengthy a commitment to make, and at what price, isn’t straightforward for the Cards. Molina’s current contract paid him $75MM over five years, with the final $2MM of that guarantee coming in the form of a buyout of the $15MM mutual option.

Catcher Yadier Molina and the Cardinals have had preliminary talks about an extension, Fan Rag’s Jon Heyman reports. Cards GM John Mozeliak says that if the two sides can hammer out a deal, they would like to complete it before the start of the season, as is frequently the goal with extension talks.

Last month, MLB.com’s Jenifer Langosch reported that both Molina and the Cardinals had interest in a new contract. The 34-year-old Molina is heading into the last season of the five-year, $75MM deal he signed prior to the 2013 season, although he has a $15MM mutual option or $2MM buyout for 2018.

Despite his advancing age, Molina remained productive in 2016, hitting .307/.360/.427 and receiving solid marks for his defense and framing while playing 147 games. He did miss brief periods over the course of his current deal due to a 2013 knee sprain and a 2014 torn thumb ligament, but he’s otherwise been remarkably durable, appearing in at least 136 games in three of the last four seasons. Molina’s career as a whole, of course, has been terrific, with eight Gold Gloves and seven All-Star berths.

As Heyman notes, Molina’s current deal provided a precedent for longer extensions for catchers like Russell Martin and Brian McCann. Still, it’s highly likely that a new contract for Molina would be shorter in duration than his last one. Molina would be 35 by the start of the 2018 season, and catcher aging patterns aren’t pretty (although Molina’s framing should help him in that regard, just as it did with his brother Jose).

The Cardinals also have well-regarded catching prospect Carson Kelly, and as Derrick Goold of the St. Louis Post-Dispatch noted last month, Kelly’s emergence would appear to be a factor in potential Molina extension talks. Kelly appears likely to begin the 2017 season with Triple-A Memphis, but the two players could potentially both play the catcher position in coming years if the Cardinals extend Molina. Molina has also occasionally played first base in the last several seasons, and perhaps there’s a possibility he could play that position a bit more frequently as he ages.

Considering his murky contract status beyond 2017, there’s an outside possibility catcher Yadier Molina is entering his final season with the Cardinals. Molina will make $14MM this year, the last guaranteed season of his contract, and then he and the Cardinals will have a decision to make on a $15MM mutual option ($2MM buyout) for 2018. However, the two sides are motivated to stay together and are considering hammering out an agreement to render Molina’s option moot, reports Jenifer Langosch of MLB.com.

“It has been something that we have talked about in terms of what that might look like,” said general manager John Mozeliak. “But when you talk about extensions … I think it’s always best to keep that internal. But not to acknowledge that he has a year left with a mutual option wouldn’t be fair either. So I think as we look at ’17, it’s certainly something we have to think through. He’s made it no secret that he would like to find a way to stay here, and I would imagine that it’s something that we will mutually try to do.”

It’s no surprise that Molina and the Redbirds are mulling extending their relationship, given both his status as a franchise icon and his still-strong production. Now 34, Molina debuted with the Cardinals in 2004 and has been building what could end up as a Hall of Fame-caliber resume ever since. The ultra-durable Molina is coming off yet another terrific season behind the plate, one in which he amassed at least 130 appearances (a career-high 147, including a league-best 142 at catcher) for the seventh time in the past eight years. Along the way, he once again ranked as an elite pitch framer (via Baseball Prospectus and StatCorner) and blocker, though he only threw out 21 percent of attempted base stealers (exactly half his 42 percent lifetime mark).

Molina has long been a defensive stalwart, of course, but it took several seasons for his offensive production to reach the position’s upper echelon. Aside from a down 2015, though, Molina has been consistently above average at the plate dating back to 2011. In 581 plate appearances last season, the high-contact hitter batted .307/.360/.427 while striking out in only 10.8 percent of PAs – just under half the rate of the 21.2 percent league mean.

With no apparent signs that Molina is poised to markedly decline, it appears his future in St. Louis will last at least another couple seasons, though his next deal obviously won’t approach the five-year, $75MM extension he signed in 2012. In the improbable event he and the Cardinals part ways next offseason, it would likely pave the way for the Carson Kelly era. In the meantime, the 22-year-old is ticketed for Triple-A Memphis in 2017, while veteran Eric Fryer stands to serve as Molina’s backup. Judging by Molina’s history, Fryer won’t see much action this year.