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St. Louis Cardinals starting pitcher Adam Wainwright throws during the first inning of a spring training baseball game against the New York Mets, Tuesday, March 26, 2013, in Port St. Lucie, Fla. (AP Photo/Jeff Roberson)

Person familiar with negotiations: Wainwright, Cards strike deal adding $97.5M through 2018

Adam Wainwright and the Cardinals have agreed to a new contract that guarantees the Cardinals’ ace an additional $97.5 million over five years through 2018.

Wainwright had been eligible to become a free agent after the World Series.

The new agreement, first reported by foxsports.com, was confirmed by a person familiar with the negotiations who spoke on condition of anonymity because it had not yet been announced. The Cardinals scheduled a news conference for Thursday at their spring training camp in Jupiter, Fla.

A 31-year-old right-hander, Wainwright was 14-13 with a 3.94 ERA last year after missing the Cardinals’ World Series championship season in 2011 because of elbow surgery.

Wainwright was 20-11 with a 2.42 ERA in 2010 and was an NL All-Star.

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