Skip to content

Matt Cain and the Giants agree to $112.5 million extension

Apr 2, 2012, 3:15 PM EDT

Matt Cain Getty Images

First Joey Votto and now Matt Cain.

Said to be working hard on contract negotiations over the weekend, the Giants just made things official with Cain by announcing a five-year, $112.5 million extension with a sixth-year vesting option.

Cain was already set to earn $15 million this season in the final year of a three-year, $27 million extension signed in March of 2010. That deal covered Cain’s final two arbitration eligible seasons and his first year of free agency. This five-year extension will keep him in San Francisco through his age-32 season in 2017 and the 2018 option includes a $7.5 million buyout.

Obviously any $100 million-plus investment in a pitcher is extremely risky and $22 million per season is a ton, especially for a team that learned (and is still learning) the hard way with Barry Zito, but limiting the commitment to five years and avoiding Cain’s mid-30s lessens the Giants’ risk somewhat and he’s been remarkably consistent with a 3.35 career ERA and at least 190 innings in each of his six full seasons.

On a related note, the Phillies would no doubt be thrilled if Cole Hamels accepted a five-year, $112.5 million deal. Hamels has better secondary numbers than Cain and has pitched in a hitter-friendly ballpark, but their raw numbers are very similar: 3.39 ERA in 1,161 innings for Hamels. 3.35 ERA in 1,317 innings for Cain.

Latest Posts
  1. Brook Jacoby and umpire Doug Eddings were in a “loud, obscenity-laced, nose-to-nose exchange”

    May 6, 2015, 9:01 AM EDT

    Tampa Bay Rays v Toronto Blue Jays Getty Images

    A new report on the incident suggests that the umpire was just as much an aggressor as Jacoby was.

  2. And That Happened: Tuesday’s scores and highlights

    May 6, 2015, 7:04 AM EDT

    Carlos Perez Getty Images

    This is easily the most photo and video-heavy ATH of all time. Mostly because pitchers did things with bats and teams wore throwbacks last night.

  3. Video: George Springer makes another catch at the wall

    May 5, 2015, 11:00 PM EDT

    springer getty Getty Images

    George Springer has been robbing opponents all season, and he did it again Tuesday night …

  4. Christian Yelich expected to rejoin Marlins on Friday

    May 5, 2015, 10:22 PM EDT

    yelich getty Getty Images

    Some very good news here for the Marlins …

  5. Devin Mesoraco could need hip surgery

    May 5, 2015, 9:15 PM EDT

    Screenshot 2015-05-05 at 5.21.58 PM Getty Images

    Mesoraco is still unable to squat and acknowledged to John Fay of the Cincinnati Enquirer on Tuesday that he might need surgery to get over the injury — a surgery that would come with a four-month rehab.

  6. Video: Todd Frazier takes NL lead with ninth home run

    May 5, 2015, 8:29 PM EDT

    Screenshot 2015-05-05 at 7.08.27 PM Getty Images

    Frazier’s last five hits have been home runs and he has now leapfrogged Dodgers first baseman Adrian Gonzalez for the National League lead in that category (at nine total).

  7. Marco Gonzales to return from AAA disabled list Saturday

    May 5, 2015, 7:47 PM EDT

    marco gonzales getty Getty Images

    He’ll be on a pitch count in his first game back, but if the outing goes well and Lyons struggles there will probably be strong consideration given to promoting Gonzales late next week.

  8. Padres lose Brandon Morrow to shoulder injury

    May 5, 2015, 7:03 PM EDT

    morrow getty Getty Images

    The 30-year-old righty was looking like a tremendous offseason find for the Padres on a one-year, $2.5 million free agent deal.

  9. Alex Cobb confirmed to have elbow ligament tear

    May 5, 2015, 6:18 PM EDT

    cobb getty Getty Images

    It’s an awful situation for the Rays, who are off to a surprising 14-12 start this season. Cobb, 27, boasts a 2.82 ERA, 1.14 WHIP, and 8.2 K/9 over his last 309 2/3 innings.

  10. Royals expected to get closer Greg Holland back tomorrow

    May 5, 2015, 5:05 PM EDT

    Greg Holland Getty Getty Images

    Kansas City’s bullpen has an MLB-best 1.00 ERA this season.

  11. Indians activate Nick Swisher, demote Tyler Holt to Triple-A

    May 5, 2015, 4:22 PM EDT

    Nick Swisher AP

    Nick Swisher has made it back from a pair of knee surgeries.

  12. Brewers activate Scooter Gennett from DL after shower injury

    May 5, 2015, 2:32 PM EDT

    Scooter Gennett Brewers AP

    As far as silly injuries go slicing your hand open while reaching for some shampoo in the shower is pretty bad.

  13. Alex Cobb may have a torn elbow ligament

    May 5, 2015, 1:30 PM EDT

    alex cobb getty Getty Images

    It’s just “informed speculation” at the moment. But the speculator tends to be pretty well-informed.

  14. Four men in a hot tub, Johnny Damon’s naked pull-ups and Curt Leskanic’s naked monkey walk

    May 5, 2015, 12:30 PM EDT

    Red Sox

    Pedro Martinez says his Red Sox teams led the league in hugs, handshakes and bad hair. Sounds like they led the league in being buck naked too.

  15. Marlins didn’t find a taker for Jarrod Saltalamacchia, will release him

    May 5, 2015, 12:25 PM EDT

    Jarrod Saltalamacchia AP

    Miami cut Saltalamacchia loose with about $15 million remaining on a three-year, $21 million deal signed last offseason.

  16. The Brewers may deal, but they aren’t going to deal Jonathan Lucroy

    May 5, 2015, 11:32 AM EDT

    Jonathan Lucroy Getty Getty Images

    The Brewers’ catcher is on a team-friendly deal and is viewed as a cornerstone of the franchise.

Top 10 MLB Player Searches
  1. A. Rendon (3669)
  2. A. Cobb (3051)
  3. J. Hamilton (2920)
  4. D. Wright (2869)
  5. A. Colome (2757)
  1. D. Span (2634)
  2. A. Pujols (2624)
  3. G. Holland (2473)
  4. A. Escobar (2423)
  5. H. Ramirez (2348)