Ahead of making the Opening Day start for the St. Louis Cardinals, right-hander Miles Mikolas has received a two-year contract extension, the team announced Friday.
Sources told ESPN's Jesse Rogers that Mikolas is getting $40 million in the new deal. He will receive a $5 million signing bonus and a $3 million boost to his 2023 salary from $15.75 million to $18.75 million. Mikolas will then make $16 million per year in 2024 and 2025.
Mikolas, 34, was an All-Star for the second time in 2022 while setting a career high for appearances with 33 and going 12-13 with a 3.29 ERA.
He was entering the final season of a four-year contract extension that he signed in 2019.
"Miles stands among the top pitchers in the game today, and has continued to provide a steady presence for us both in the rotation and inside the clubhouse," Cardinals general manager John Mozeliak said in a statement.
Mikolas will start Opening Day for the Cardinals on Thursday against the Toronto Blue Jays. He was tabbed for the start after Adam Wainwright landed on the injured list with a groin strain.
Mikolas is 45-40 with a 3.70 ERA in 143 career games with San Diego, Texas and St. Louis. He recently pitched six shutout innings in two appearances for Team USA in the World Baseball Classic.
The Associated Press contributed to this report.