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Cardinals sign Molina to five-year extension

The World Series champion St. Louis Cardinals and All-Star catcher Yadier Molina agreed on a five-year contract extension, the Major League Baseball team said on Thursday.

Financial terms of the deal were not disclosed, but St. Louis media reports said the extension is worth $75 million, making the four-time Gold Glove winner the second highest paid catcher in the major leagues behind Minnesota Twins Joe Mauer.

"From his dramatic homer in the 2006 NLCS, to his handling of pitchers and controlling the opponent's running game, Yadier has proven to be a special talent when it comes to the all-important challenges of the catcher position."

Molina led the Cardinals with a .305 batting average last season while slamming a career-high 14 home runs and 65 RBI.

Drafted by the Cardinals in 2000, Molina has spent his entire eight-year major league career in St. Louis hitting 55 home runs and driving in 390 runs in 944 games.

(Reporting by Steve Keating in Toronto; Editing by Frank Pingue)