Sources: Penny, Cardinals agree

Updated: December 8, 2009, 11:04 AM ET
ESPN.com news services

The St. Louis Cardinals and right-handed pitcher Brad Penny have agreed to a deal, sources told ESPN The Magazine's Buster Olney.

Penny's one-year contract is worth $7.5 million and contains $1.5 million in performance bonuses, according to sources. The deal is pending a physical, which will likely be done on Tuesday.

Penny recently turned down a one-year offer to stay with San Francisco. The two-time All-Star quickly drew interest from the NL Central champion ...

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