The St. Louis Cardinals have reached a new television deal with Fox Sports Midwest that will guarantee the team more than $1 billion.

The organization and local broadcast partner are expected to announce a new, 15-year agreement Thursday morning.

The new deal will begin with the 2018 season, continue to feature as many as 150 televised regular-season games, and also provides the Cardinals with a minority stake in the network.

"This does give us a great deal of stability over the next 15 years and does so in a market that has been shifting," chairman Bill DeWitt Jr. said. "It has a nice increase in rights fees as well as the equity component and as a whole it will allow us to remain as competitive as we have been with our payroll, with our spending in the international markets, with our activity in amateur markets and other ways we have invested in development. We have certainty going forward."