SATURDAY, 8:44am: Joe Strauss of The St. Louis Post Dispatch spoke to a source that says the deal "does not offer an average annual value of $18 million." That number is significant because Holliday rejected a similar offer to remain in Colorado.
FRIDAY, 1:50pm: The Cardinals made a formal offer to Matt Holliday, GM John Mozeliak told Bernie Miklasz on ESPN 101 St. Louis this morning. Mozeliak expects to hear back from the Scott Boras camp within 48 hours.