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Details of Madison Bumgarner’s long-term contract with the Giants

Apr 16, 2012, 9:00 PM EDT

Madison Bumgarner Getty Getty Images

The Giants announced earlier today that they signed Madison Bumgarner to a five-year contract extension with options for 2018 and 2019. Andrew Baggarly of CSNBayArea.com has the year-by-year details.

The deal has two different structures, but this breakdown is assuming the 22-year-old left-hander doesn’t reach Super Two status this offseason:

2013: $750,000
2014: $3.75 million
2015: $6.75 million
2016: $9.75 million
2017: $11.5 million

The deal includes a $1 million signing bonus and a $1.5 million buyout on either option, so he is guaranteed $35 million over the life of the contract. That’s a record commitment for a pitcher with between one and two years of service time. He would be guaranteed $40 million if he qualifies as Super Two this winter, though that scenario appears unlikely at the moment.

The option years are worth $12 million each and include escalators. The first option will be guaranteed if Bumgarner throws 200 innings in 2017 or 400 innings between 2016-17. If he finishes in the top three of the Cy Young at any time, both options are $14 million. If he wins a Cy Young award, both options become $16 million.

Bumgarner could make a total of $70.5 million if he becomes a Super Two player this winter and maxes out on the two option years, but if it happens, chances are the Giants will be pretty pleased with the whole thing.

The contract also includes a limited no-trade clause which allows Bumgarner to pick eight teams each year where he cannot be dealt.

  1. dondada10 - Apr 16, 2012 at 9:10 PM

    So they essentially got his first free agent years at Oliver Perez money if they want. Sweet deal for the Giants.

    • hojo20 - Apr 16, 2012 at 9:31 PM

      where is Oliver Perez?

      • dondada10 - Apr 16, 2012 at 9:47 PM

        Seattle’s AAA. He walked 5 in his first start.

      • dondada10 - Apr 16, 2012 at 9:48 PM

        Excuse me, he’s coming out of the pen. He’s just walked 5 in 6 innings, which confused me. I should’ve known better than Ollie going 6 in a start.

  2. lostsok - Apr 16, 2012 at 9:24 PM

    Huh. I guess Lincecum IS chopped liver.

  3. stex52 - Apr 16, 2012 at 9:55 PM

    I don’t know all the details of what they might be planning, but it certainly suggests they are freeing up options to keep, trade, or let Lincecum walk.

  4. randygnyc - Apr 16, 2012 at 10:27 PM

    A record for less than 2 years service? How about Yu Darvish? No service at all….

  5. arungupta27 - Apr 16, 2012 at 11:32 PM

    I don’t know if this really suggests anything with Lincecum. I feel like the only way the Giants save money on this deal is if Bumgarner just about reaches his ceiling this year or next, which is a real possibility of course. But I guess it does give the Giants more certainty about payroll, that’s pretty much the only guarantee.

    Arun

  6. rickeye9 - Apr 17, 2012 at 2:34 AM

    randy, he said between 1-2 years of service time, not under 2 years…

  7. Gamera the Brave - Apr 17, 2012 at 12:07 PM

    Assuming he stays healthy, this is a great deal for the Giants. Bumgarner gets $35 MILLION DOLLARS for throwing a ball, the G’s get rotation stability, it’s a win-win.
    Right up to the Tommy John surgery…
    #unjinx

  8. 49ersgiants4life - Apr 17, 2012 at 2:40 PM

    Timmy Jim looks bad he is all over the place right now so why not sign a 22 year old who is the third best pitcher in that rotation!

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