According to ESPN.com’s Buster Olney, the Cardinals offered free agent outfielder Matt Holliday over $100 million.

Scott Boras, the agent who represents Holliday, has been doubling back to teams that had previously touched base on the outfielder, citing a possible salary figure of $18 million. Boras is believed to have an offer in excess of $100 million from the Cardinals, and club officials with other teams sense he is shopping that offer.

Outfielder Jason Bay reached agreement on a four-year, guaranteed $66 million contract with the New York Mets, pending a physical. If Holliday were to finalize a six-year or seven-year offer for about $17 million a year with the Cardinals, he would sign for a package in the range of $102 million to $119 million, the largest contract of this offseason.

Earlier this offseason, the Red Sox offered Holliday a five-year, $82.5 million contract, but sources say Boston’s offer was rejected. The Red Sox then used that money to sign veteran right-handed starter John Lackey.

Unless the Yankees want to open up their wallets again, I doubt that Boras and Holliday will see an offer higher than the one the Cardinals offered (that is, if Olney’s report is accurate and St. Louis did offer that amount).

I wonder what Plan B is for the Cardinals if they can’t re-sign Holliday, because no matter what, they need a decent bat to protect Albert Pujols in their lineup. One would think that Holliday will sign with someone soon now that Jason Bay is off the market.

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The St. Louis Cardinals officially offered free agent outfielder Matt Holliday a contract according to the St. Louis Post-Dispatch.

The article states that St. Louis expects to hear back from Holliday within the next 48 hours and that the Cardinals might move on “the middle of next week” if the free agent doesn’t accept their offer.

While Holliday is a much-needed presence in the Cards’ lineup, it’s important for the club and GM John Mozeliak to move in another direction if the outfielder can’t make a quick decision. The financial terms of the offer haven’t been released, but chances are it’s a fair deal for market value. I doubt the Cards would waste their or Holliday’s time with a lowball offer.

If Holliday doesn’t sign, it’ll be interesting to see if the Cardinals make a run at Jason Bay, although it would be tough for St. Louis to match an offer from the Red Sox or Mariners. (There’s a rumor floating around that Bay wants to play for the M’s because Seattle is close to his home.)

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