LAKE BUENA VISTA, Fla. -- The Cardinals agreed on Tuesday to a one-year contract with shortstop Ryan Theriot, avoiding arbitration.
The club announced the move on its official Twitter feed.
The Cardinals do not reveal financial terms for player contracts, but Fanhouse.com reported that the deal is worth $3.3 million. Theriot made $2.6 million in 2010 as a first-year arbitration-eligible player.
Despite a down year at the plate for the former Cub and Dodger, he was likely due for a raise in his second year of arbitration eligibility. General manager John Mozeliak said on Monday that the club felt little urgency to ink Theriot to a multi-year deal, but on Tuesday the Cards did at least gain cost certainty on Theriot for 2011.
Reliever Kyle McClellan and infielder Brendan Ryan are the Cardinals' only remaining arbitration-eligible players. The club is exploring trade options with Ryan, who has been replaced by Theriot as the starting shortstop.
Matthew Leach is a reporter for MLB.com. Read his blog, Obviously, You're Not a Golfer and follow him on Twitter at @MatthewHLeach. This story was not subject to the approval of Major League Baseball or its clubs.