ST. LOUIS -- Miles Mikolas is sticking with the St. Louis Cardinals.
The veteran right-hander signed a three-year, $55.75-million contract Friday with the Cardinals that will carry through the 2025 season.
The new deal replaces a four-year, $68-million contract signed in February 2019 that covered the 2020-23 seasons and was set to pay $15.75 million this year.
Mikolas will receive a $5-million signing bonus payable July 1 and will make $18.75 million in 2023 and $16 million in each of the following two seasons. Mikolas can earn a $250,000 bonus for winning a Cy Young Award, $50,000 for All-Star election or selection or winning a Gold Glove, $100,000 for League Championship Series MVP and $150,000 for World Series MVP.
Mikolas is scheduled to make the second opening-day start of his career next Thursday when the Cardinals host Toronto. Mikolas went 12-13 with a 3.29 ERA last season while helping St. Louis to the N.L. Central title.
“Miles stands among the top pitchers in the game today, and has continued to provide a steady presence for us both in the rotation and inside the clubhouse,” St. Louis president of baseball operations John Mozeliak said in a statement.
Mikolas is 45-40 with a 3.79 in 143 games with San Diego, Texas and St. Louis. He recently pitched six shutout innings in two appearances for Team USA in the World Baseball Classic.