Matt Holliday is locked up for sevens years in a $120 million deal with the Cardinals, according to MLB.com. Now on to Albert Pujols.

Matt Holliday is locked up for sevens years in a $120 million deal with the Cardinals, according to MLB.com. Now on to Albert Pujols.

With Jason Bay off the market after being signed by the Mets, the last remaining big name free agent is Matt Holliday. Let's take a look at the rumors surrounding where he's going to land.
Where will the prize of the 2010 free agent class, Matt Holliday, land?
The New York Mets have reached a tentative agreement to sign former Red Sox outfielder Jason Bay to a four year contract, reports Jerry Crasnick of espn.com. The initial terms of the deal are four years, $66M, but the deal also includes a vesting option for a fifth year that would increase the total $80M over five years. Completion of the deal will wait until Bay passes a physical, rumored for next week.
Speculation is that the fifth year option will vest based on typically achieveable plate appearance goals over the first four years of the contract. Bay has played in an average of 154 games per season since 2005.
Bay was offered arbitration by the Red Sox back in November and as such will receive a supplementary first round pick and the Mets second round pick, seventh of the second round, as compensation in the upcoming 2010 draft.
Jason Bay is heading to New York
With Bay's signing, the next chip to fall is the winter's most prized free agent, Matt Holliday. As Keith Law of espn.com suggests, with Bay's fifth year option likely to vest, Holliday is unlikely to sign for less than five years, $80M.
A few notes about Jason Bay to pass along.
The market for Jason Bay appears to be narrowing
Let's take a look at a few Matt Holliday rumors before free agency kicks into full gear later tonight.
Where will Matt Holliday land this off season?
Jayson Stark from espn.com has a new article up with plenty of off season rumors.
Johnny Damon is an off season priority for the Yankees
Though John Lackey, Jason Bay and Matt Holliday will dominate the headlines and the dollars this off season, Buster Olney of espn.com breaks down the next tier of free agents who are sure to get plenty of calls when free agency begins on Friday.
Brandon Lyon: Though there are a lot of closers available via free agency, Lyon may be willing to take a set up role and is only a Type B free agent. The Phillies, Angles, Mets and Yankees are all likely to be interested
Mark DeRosa: As a player who can play multiple positions his flexibility is a good fit for the Phillies. His bat is a good fit for any team.
Jermaine Dye: His age, 35, precludes him from being able to command a long term deal, but an AL team might be able to snag a good DH for a short and small contract.
Miguel Tejada: Though he might not be able to play shortstop anymore and would require a move to third base, his 313/340/455 splits are still attractive. Philly and Oakland could be good fits.
Miguel Tejada hopes to get plenty of offers this off season
Nick Johnson: Defense and power are very suspect for Johnson, but his OBP (an absurd .477 in 35 games last year for the Marlins) is still attractive. Offense starved teams like Oakland or San Francisco could be interested.
Coco Crisp: He's unlikely to be an everyday outfield, but his defense and speed are still tremendous and he could be a good platoon outfielder.
JJ Putz: A big market team like the Red Sox (think Billy Wagner), Yankees or Angels might be willing to give Putz a one-year deal despite coming off of injury.
Placido Polanco: His 45 extra base hits along with solid defense at second base will certainly attract suitors.
Rafael Betancourt: If the Rockies offer him arbitration, he becomes a Type A free agent and interest will be minimal. If they don't, look out.
Olney notes at the end of his piece that the rational behind Betancourt also applies to relievers Wagner, Jose Valverde, Mike Gonzalez and Rafael Soriano.
Free agent left fielder Jason Bay is looking for a 4-year, $60M deal and he hopes he can get that with Boston, the Red Sox slugger said recently.
"I’m comfortable here,” Bay said. “I’ve said before it really doesn’t come down to just dollars. It’s not all about money. The situation I was in before in Pittsburgh — we weren’t winning a lot of games. When you come here, you win ballgames and have playoff opportunities, and that’s a huge factor. It really makes baseball enjoyable again. A team that is set up to win and a place where my family is comfortable. I’m comfortable here. It’s more desirable than most places."
Despite Bay's preference, his agent continues to talk with other clubs and does not feel that a deal will be reached before next Friday, when free agents are allowed to talk with all teams.
Buster Olney of espn.com expects that if the Red Sox do not resign Bay, they'll go after Matt Holliday.
Jason Bay would prefer to return to Boston in 2010
Name: Matt Holliday
Age: 29
Position: OF
Current Team: St. Louis Cardinals
Current Contract: 08:$9.5M, 09:$13M
Performance: Since being traded to St. Louis from the As in the middle of the 2009 season, Holliday has been a major component of the Cardinals offense. With St. Louis Holliday hit 359/419/604 (BA/OBP/SLG) with 13HRs, and 55RBI in just 63 games. Holliday is mostly known for his tremendous performance in Colorado from 2004-2008 before he was traded to the As. However, while with Oakland, Holliday struggled hitting 286/378/454 with 11HR and 54RBI in 93 games. Which Holliday will his new team be getting?
Outlook: Two years younger than the other premiere outfielder available, Jason Bay, Holliday is likely the #1 free agent available this off season. His contract is likely to impact that of Bay and possibly players like Bobby Abreu, Vladimir Guerrero and even John Lackey. The big question is how to evaluate his difficult 93 games in the American League vs. the extremely productive 63 games in the National League. Hitting behind Albert Pujols certainly helps, but is the issue more of an AL vs. NL thing. Will AL teams be scared off by Holliday's AL stats? Either way, Holliday figures to get a multi-year contract averaging $18M to $20M per year.
Suitors: Cardinals, Giants, Mets, Braves, Angles, Red Sox, Yankees.
Prediction: Definitely an NL team, look for the Giants to make a surprise signing.
Free agent slugger Matt Holliday
Name: John Lackey
Age: 31
Position: RHP
Current Team: Los Angeles Angles
Current Contract: 06:$3.01M, 07:$5.5M, 08:$7M, 09:$9M
Performance: Undoubtedly, Lackey posted his best season in 2007 when he finished 3rd in the Cy Young voting and had his lone All-Star appearance. Lackey posted a 3.01 ERA that season along with a 1.21 WHIP and 179?K in 224 IP. Since then, Lackey's numbers haven't been quite as impressive (3.80 ERA, 1.25 WHIP, 269K in 339 IP), but he's still been a very solid pitcher in the American League.
Outlook: Lackey is unquestionably the best pitcher available on the free agent market this off-season. He is considered the cream of the free agent class along with Jason Bay and Matt Holliday. His numbers are comparable to that of the Yankees AJ Burnett, who signed for five years and $82.5M last off season. The Angels are certainly interested in keeping their ace right hander, but at $16.5M per season, they may not be able to when they may also need to pay the likes of Vladimir Guerrero, Bobby Abreu and Chone Figgins.
Suitors: Angels, Mets, Rangers, Braves, Phillies.
Prediction: The Mets need to make a splash after a frustrating season.
John Lackey of the Los Angeles Angels