The Cardinals announced Monday that they have reached agreement with outfielder Jon Jay on a two-year contract through 2016 and have thus avoided a salary arbitration hearing that was scheduled for next week.

Jay was the last of the Cardinals arbitration-eligible players to agree to terms, keeping the team's streak of not going to a hearing with a player alive. The last time the Cardinals went to a hearing with a player was with pitcher Donovan Osborne in 1999.

Multiple media reports said Jay's deal was worth $10.975 million. He is set to receive a $1.25 million signing bonus, $3.5 million this year and $6.225 million in 2016. He had filed an arbitration request of $5 million while the team offered $4.1 on a one-year deal.

Drafted by the Cardinals in 2006, the left-handed hitting Jay owns a .295 career batting average over the past five seasons (2010-14), ranking eighth among all outfielders in that time span. The 30-year old Miami native had a team-best .303 batting mark in 2014, falling just 34 plate appearances shy of qualifying among the league batting leaders. He continued his solid hitting by batting .483 during the postseason, the second-highest single-season postseason batting average in MLB history.

In 2012, Jay became just the third Cardinals outfielder to play errorless ball over an entire season and he leads all Cardinals fly-chasers with his .995 fielding pct. since 2010. He posted a franchise-record 245-game errorless streak by an outfielder from Aug. 25, 2011 to July 29, 2013.

Jay, who debuted with St. Louis in 2010, was a member of the Cardinals 2011 World Championship team, collecting a key hit and scoring the tying run in the 10th inning of their memorable World Series Game 6 comeback.