The amount of the deal has not yet been confirmed, but this article will be updated when that information becomes available. Fanhouse.com estimates the contract is for $3.3 million.
Theriot's situation this year is much different than last. Since then, he has been traded twice, from the Chicago Cubs to Los Angeles Dodgers to St. Louis (the latter deal in exchange for pitcher Blake Hawksworth on November 30), and is in the process of re-building his market value. Theriot, who turned 31 years of age today, Tuesday, December 7, will be eligible for free agency after the 2012 season.
One year ago, Theriot took the Cubs to an arbitration hearing when the two sides could not agree on his 2010 salary. The player requested a raise from $500,000 in 2009, his second season as the club's starting shortstop, to $3.4 million. The Cubs countered with $2.6 million and their case convinced the three-person panel. Theriot had been just one of 128 players eligible who did not settle prior to a hearing last spring.
The man Theriot replaces in the Cardinals starting lineup, Brendan Ryan, and reliever Kyle McClellan are the other two arbitration-eligible players on the club's roster. Ryan is currently on the trade block.
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