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article imageMLB: Matt Holliday signs a seven year deal with the Cards

By Matt Harding     Jan 5, 2010 in Sports
Holliday announced on Tuesday that he is coming back to the Cardinals with a seven year deal with an option for an eighth.
Holliday's $120 million guaranteed contract is the richest in club history. He announced the decision via ESPN Radio.
Negotiations between the team and Holliday's agent, the notorious Scott Boras, were lengthy, but in the end, both sides got what they wanted. The Cards got a fantastic player while Holliday got a long and very lucrative contract.
"Sometimes when you take a big-picture look at things, it's overwhelming," Holliday told Doug Gottlieb on ESPN Radio. "Obviously my wife and I feel like we're very blessed. It is a tremendous amount of money. When you're a little kid growing up who hopes to be a professional baseball player and hopes to play in the Major Leagues, I don't think you ever think about the money. Now that you look at it and it's that kind of money, it's a little overwhelming."
Finalization of the deal is pending a physical exam. However, the Cardinals confirmed in a statement that an agreement is in place. The club said that a formal announcement regarding Holliday will come within the next 48 hours.
Boras confirmed that the guaranteed value of the seven-year contract is worth an even $17 million per year, including a full no-trade clause.
Matt Holliday's new deal is, so far the biggest contract of the offseason.
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