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Giants lock up Madison Bumgarner with long-term deal

Apr 16, 2012, 3:45 PM EDT

Madison Bumgarner Getty Images

Two weeks after handing Matt Cain a five-year, $121.5 million contract extension the Giants have locked up Madison Bumgarner long term as well, signing the 22-year-old left-hander to a five-year deal with team options for 2018 and 2019. According to his agents the contract is worth $35 million in guaranteed money.

In terms of service time Cain and Bumgarner are much different, as Cain would have been eligible for free agency after this season and Bumgarner isn’t even arbitration eligible yet.

San Francisco already had Bumgarner under team control through 2016, so this deal simply pre-pays for his three arbitration seasons and buys out his first year of free agency while giving the Giants an opportunity to keep him off the open market for two additional years. If they exercise both options he won’t be a free agent until 2020, at age 30.

As with any long-term commitment to a 22-year-old pitcher there’s lots of risk involved, but Bumgarner was considered an elite prospect in the minors and has already established himself as one of baseball’s best left-handed starters with a 3.12 ERA and 292/79 K/BB ratio in 337 career innings.

Now that the Giants control Cain through 2018 and Bumgarner through 2019 they may not feel as much pressure to break the bank for Tim Lincecum, who has another year and $22 million left on his deal, although certainly no amount of top-notch young rotation depth makes losing a two-time Cy Young winner to free agency before age 30 any easier.

  1. Ben - Apr 16, 2012 at 3:54 PM

    Awesome deal if the options are reasonable. And it sounds like they might be.

    • Ben - Apr 16, 2012 at 4:11 PM

      After rereading, this is an awesome deal even if the options are market-price.

      Obligatory” give us an edit button!”

  2. runyetirun - Apr 16, 2012 at 4:01 PM

    Holy team friendly deal Batman

  3. btwicey - Apr 16, 2012 at 4:03 PM

    Bargain , this kid will be v v good

  4. thomas2727 - Apr 16, 2012 at 4:10 PM

    Very good move by the Giants.

    I would think the Giants are exploring a similar extension with Buster Posey.

  5. loungefly74 - Apr 16, 2012 at 4:10 PM

    great job sabean….now, how about getting some big bats to good along with that awesome pitching?

  6. WhenMattStairsIsKing - Apr 16, 2012 at 4:22 PM

    Time to let Lincecum walk, get a few bats and make that division tough as nails.

    • dodger88 - Apr 16, 2012 at 4:34 PM

      Considering Lincecum’s slight frame, I think that is exactly what they do. I can’t help but think he won’t age well (i.e. Pedro Martinez). No denying he has been one of baseball’s best the past few years but Lincecum will be a significant risk with a long term deal.

      • WhenMattStairsIsKing - Apr 16, 2012 at 4:48 PM

        Pedro pitched late into his 30’s, I’d say he aged well.

        But I do agree that Lincecum is a huge risk. He seems to be going backwards.

      • churchoftheperpetuallyoutraged - Apr 16, 2012 at 5:46 PM

        Pedro injured his shoulder (rotator cuff) in ’01 and never got surgery on it and still put up three 5.5 rWAR or better seasons in the next 4 years. Imagine if he took a year off to recover and was fully healthy his last few years?

    • SOBEIT - Apr 16, 2012 at 6:25 PM

      Timmy will get a 2/50 deal! Book it!

  7. proudlycanadian - Apr 16, 2012 at 6:11 PM

    What sort of baseball name is Madison Bumgarner? He will never be a household name with that moniker. For example, does anybody know James Bumgarner? Of course not. Once he shortened his name to James Garner, he became a star. It is time for Madison to change his name. A pitcher named Madison Garner would be in demand as a free agent on both coasts.

    • SOBEIT - Apr 16, 2012 at 6:24 PM

      Seriously? The dude is 22 and already has a WS ring and win. But it’s his name holding him back or keeping him in annonimity? Please look up famous baseball players names…Madison Bumgarner is hardly difficult to remember or unique. Goose Gossage, Dick Tidrow, Dennis Eckersley, Waite Hoyt, Harmon Killebrew…just to name a few. They can’t all be Buster Posey or Brandon Belt!

      The better question is how can someone be proudly canadian…an oxymoron if there ever was one!

      • proudlycanadian - Apr 16, 2012 at 7:26 PM

        A World Series Ring? So what? Roy Halladay does not have one and everyone knows that he is a star. As far as your juvenile closing argument, kindly compare the Canadian and US economies. Guess who has the lowest unemployment rate, the strongest banks, the strongest housing market and the lowest government deficit?

    • The Dangerous Mabry - Apr 17, 2012 at 2:33 PM

      Ugly Dickshot would like to point out that names don’t hold you back in baseball.

  8. thenoblebard93 - Apr 16, 2012 at 8:51 PM

    Sorry dude, but it’s hard to take Canada seriously when their army is smaller than NYC’s police force. :)

    • proudlycanadian - Apr 17, 2012 at 6:48 AM

      In other words, NYC is crime ridden and Canada is a much safer place to live.

      • mrhojorisin - Apr 17, 2012 at 2:06 PM

        Well, armies generally don’t fight crime… but if an international conflict breaks out, I’m sure the debt-and crime-ridden neighbor to your south will have your back!

  9. wj4122 - Apr 16, 2012 at 9:05 PM

    They need to make deals like this if they even want a chance to compete with the dodgers in the coming years.

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