Per stlcardinals.com:
That means that before they hit free agency, the Cardinals likely will be spending close to $70 million, leaving roughly $30 million that could be added.
With that money, they'll have to achieve a couple of main goals: filling out the back of the rotation and adding a left fielder.
Third base might be a priority, though the Cardinals could well stay in-house with David Freese. They might also look to add a setup reliever, but right-handed relief is not at the top of the priority list. And someone needs to be the backup catcher, though Jason LaRue might well return.
Still, there's quite a lot already set, and a decent amount of wiggle room to augment what is in place. It will be a busy winter for the Cardinals, but it should also be an interesting one.
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If the Cardinals don't sign Holliday, where exactly do you think that $30 million would be going? From mlbtraderumors.com, here is the list of free agent outfielders. If the Cardinals are able to sign Smoltz to an incentive laden deal in the vicinity of $1,000,000, and don't sign Holliday, where should all this money be going?
Left fielders
Garret Anderson (38) - Type B
Marlon Anderson (36)
Jason Bay (31) - Type A
Emil Brown (35)
Marlon Byrd (32) - Type B
Carl Crawford (28) - $10MM club option with a $1.25MM buyout - Type B
Johnny Damon (36) - Type A
David Dellucci (36)
Cliff Floyd (37)
Matt Holliday (30) - Type A
Reed Johnson (33)
Greg Norton (37)
Wily Mo Pena (28)
Manny Ramirez (38) - $20MM player option - Type A
Dave Roberts (38)
Gary Sheffield (41)
Fernando Tatis (35) - Type B
Randy Winn (36) - Type B
Center fielders
Rick Ankiel (30)
Rocco Baldelli (28)
Marlon Byrd (32) - Type B
Mike Cameron (37) - Type B
Endy Chavez (32)
Coco Crisp (30) - $8MM club option with a $500K buyout
Darin Erstad (36)
Ryan Freel (34)
Jerry Hairston Jr. (34) - Type B
Reed Johnson (33)
Andruw Jones (33)
Mark Kotsay (34)
Corey Patterson (30)
Scott Podsednik (34)
DeWayne Wise (32)
Right fielders
Bobby Abreu (36) - Type A
Jermaine Dye (36) - $12MM mutual option with a $1MM buyout - Type A
Brian Giles (39) - Type B
Vladimir Guerrero (35) - Type A
Eric Hinske (32)
Geoff Jenkins (35)
Austin Kearns (30) - $10MM club option with a $1MM buyout
Jason Michaels (34)
Xavier Nady (31) - Type B
Randy Winn (36) - Type B