In return, the Cardinals will pay about $1.38 million of the remaining $4.8 million on Furcal's salary and send Double-A outfielder Alex Castellanos to the Dodgers.
The move allows the Dodgers to replace Furcal with top shortstop prospect Dee Gordon, who was recalled from Triple-A Albuquerque and ranks as the No. 25 prospect in baseball, according to MLB.com.
Furcal -- because he was a 10-year veteran who has spent the past five years on his current team -- had the right to veto the deal. But he reluctantly accepted, setting aside his desire to remain in Los Angeles with the reality that the club was going in a different direction.
Now, Furcal will have the opportunity to play the final two months of the season with a contender and show that he deserves a contract for next year, instead of watching Gordon try to establish himself as Furcal's replacement for 2012.
Although Castellanos was not considered one of the Cardinals' top prospects, the deal nonetheless signals that it's time for the Dodgers to point to next year.
Furcal, a two-time All-Star, is in the final year of a three-year deal containing a $12 million club option for 2012 that the Dodgers had no interest in exercising. He earned $70 million in his six years with the Dodgers.
For his career, Furcal is a .283 hitter with a .349 on-base percentage and a .407 slugging percentage. He put up a .300/.366/.460 line for Los Angeles in 2010.
Castellanos, a 10th-round pick in 2008, has played the '11 season at Double-A Springfield in the Texas League, where he ranked in the top 10 in batting average (.319, eighth), home runs (19, fifth), runs (72, fourth), hits (113, fifth), triples (four, tied for 10th), RBIs (62, tied for eighth), total bases (199, fifth), slugging percentage (.562, sixth) and OPS (.941, ninth). The Miami native started in right field for the North All-Stars in the Texas League All-Star Game after hitting .308 with 14 homers and 41 RBIs during the first half.
"In Castellanos, we're getting a player who has shown a combination of power and speed," said Dodgers general manager Ned Colletti. "We hope that he can refine those abilities to a big league standard."
Ken Gurnick is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.