Update 17:58: According to the Associated Press, Schumaker will earn $2 million this season and $2.7 million in 2011. The deal contains performance bonuses that could bring the total value to $5 million over two years.

2/8 17:03: According to Matthew Leach of MLB.com, the St. Louis Cardinals have signed Skip Schumaker to a two-year contract. The terms of the deal are not available now.

Schumaker was eligible for salary arbitration. He was asking for $2.75 million and the Cardinals were offering $1.8 million.

Schumaker, 30 by Opening Day, hit .303 with a .364 on-base percentage with the Cardinals in 2009 while making $430,000. His high batting average can be attributed to Mark McGwire who tutored Schumaker in past seasons. You can see Schumaker’s complete contract history and statistics here.