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Cardinals exercise Lackey's $500K option

(AP Photo/Harry How, pool)

ST. LOUIS (AP) The St. Louis Cardinals have exercised their 2015 contract option on pitcher John Lackey, which is at the major league minimum.

The right-hander agreed to an $82.5 million, five-year contract with Boston in December 2009 that contained a provision for a conditional team option at the minimum if he missed a season due to specified injury. Lackey did not pitch in 2012 after reconstructive elbow surgery.

The major league minimum next year will be $500,000 plus a cost-of-living adjustment to be determined Nov. 20, which is likely to be $9,000 to $10,000.

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