The length of the Mikolas extension mitigates most of the risk
I would be very surprised if this deal ends up going poorly for the Cardinals, strictly upon the talent of Mikolas alone. I believe he'll be a really good pitcher for the next two seasons, even as he continues to age.
Should his talent dip or injuries happen though, this really isn't a big "risk" for St. Louis.
Again, comparing his deal to market value, the Cardinals got a bargain here, and whenever you sign a player, there is risk it won't work out. It is a part of doing business. If Mikolas falters though, that $16 million will hurt for sure, but it will not hurt as a $20 million to $30 million dollar AAV extension would have. Mikolas, had he hit the open market, probably could have received a little over $20 million, and gotten it at three or even four years.
St. Louis should feel really good about the value they got here, and fans should as well.
What do you think of the Mikolas extension? Let us know in the comments.