The St. Louis Cardinals have agreed to a two-year, $40 million extension with starter Miles Mikolas, sources confirmed to ESPN on Friday.
Sources said Mikolas will receive a $5 million signing bonus and a $3 million boost to his 2023 salary from $15.75 million to $18.75 million. Mikolas will then make $16 million per year in 2024 and 2025.
Mikolas, 34, was an All-Star for the second time in 2022 while setting a career high for appearances with 33 and going 12-13 with a 3.29 ERA.
He was entering the final season of a four-year contract extension that he signed in 2019.
Mikolas will start Opening Day for the Cardinals on Thursday against the Toronto Blue Jays. He was tabbed for the start after Adam Wainwright landed on the injured list with a groin strain.
The St. Louis Post-Dispatch first reported on Mikolas’ extension.
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