The Cardinals have elected not to exercise the team option on Holliday's contract for 2017, and he is now a free agent, Today's Knuckleball reports.

EDGE Analysis

The Cardinals announced late in the regular season that they were not planning to pick up Holliday's $17 million option, and the team made the move official Friday. Holliday hit just .246 last season, but he still posted a .783 OPS thanks to 41 extra-base hits. It remains to be seen what type of interest he will garner on the free agent market, but he was limited to just 183 games over the last two seasons and will turn 37 in January, so he may opt to head to an American League team where he can spend some time as the designated hitter.