A deal to bring Brad Penny to the Cardinals has been finalized, according to ESPN's Buster Olney.
Penny, who won 16 games in back to back seasons in 2006 and 2007 only to suffer through arm troubles in 2008, inked a $7.5-million deal that could net him $9 million including incentives.
The deal is obviosly considerably more than the $5 million John Smoltz made last season and that the future Hall of Famer was likely to command in 2010. With the possibility that Joel Pineiro could accept that Cardinals' arbitration offer, this may be a sign that the Redbirds have already moved on in their "pursuit" of free agent slugger Matt Holliday.
ESPN reports the Cardinals could be in on even more pitching, which would seem to be the final nail in the Holliday coffin.
As it stands, the Cardinals stand to have a 2010 rotation of:
RHP Chris Carpenter
RHP Adam Wainwright
RHP Kyle Lohse
RHP Brad Penny
LHP Jaime Garcia or RHP Blake Hawksworth