According to Matthew Leach and ESPN, Chris Carpenter has just been signed to an extension through 2011.

The breakdown will look something like this:

2007 - 7M

2008 - 9M (option)

2009 -2011 -  49M.

Essentially, this is just a 3 year extension worth 49 M to him.  Either way, I think this is a steal, because with contracts going bonkers like they are now, ya gotta figure that Glendon Rusch will be able to get 12-14M per year by 2009.

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