According to Rosenthal, the deal is expected to total between $55 million and $65 million over the term of the extension.
Yadier Molina issued a Sunday, April 2nd deadline for any contract extension talks with the Cardinals.
The new extension comes with an $18.33 million average annual value if it's for $55 million on the nose, which would be the third highest in history for a catcher. He had a strong enough 2016 season, hitting.307/.360/.427 with eight home runs and 58 RBI over 147 games, that he earned votes for the NL MVP.
The deal might not make him a Cardinal forever, as he has said he would like, but would get him that much closer.