Originally published 9:15 a.m.
This is a developing story. Check back for more updates.
Updated 9:59 a.m. to include information about deal possibly reaching $260 million.
Updated 11:54 a.m. to include comments from McNeal & announced deal amount.
Updated 12:16 p.m. with response of Cardinals organization
Updated 1:22 p.m. with comments from Angels general manager Jerry Dipoto
Updated 4:17 with comment from Cardinals general manager John Mozeliak