Dec 17, 2012, 11:11 PM EST
UPDATE: Henry Schulman of the San Francisco Chronicle hears that the deal is worth around $15 million. Nothing to get too worked up about, but long-term deals for relievers can be risky business.
11:08 PM: Andrew Baggarly of CSNBayArea.com reports that the Giants and Sanitago Casilla have agreed to a three-year extension, pending a physical.
No word yet on the terms involved, but the deal includes a club/vesting option for 2016. Casilla was arbitration-eligible for the final time this winter after making $2.2 million in 2012, so the deal buys out at least his first two years of free agency.
Casilla owns a dominant 2.22 ERA in 74 appearances since joining the Giants in 2010. Only Mike Adams and Eric O’Flaherty have a lower ERA (min. 170 innings pitched) during the same timespan. The 32-year-old right-hander took over as the Giants’ closer this past season after Brian Wilson had Tommy John surgery, notching 25 saves in 31 chances, but he’s expected to pitch in a set-up capacity in 2013 now that Sergio Romo has staked claim to the role.
- Giants acquire Casey McGehee from the Marlins 11
- The Padres have given their fans something to talk about. Which is badly needed in San Diego. 56
- Justin Upton traded to the Padres for three prospects 79
- Bud Selig will get a $6 million a year pension. Which is obscene. 141
- Jake Peavy agrees to a two-year, $24 million deal to stay with the San Francisco Giants 24
- Matt Kemp has officially been traded to the Padres 29
- Padres acquire catcher Derek Norris from Athletics 37
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site 90
- The United States will seek to normalize relations with Cuba (144)
- Bud Selig will get a $6 million a year pension. Which is obscene. (141)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (111)
- Rays, Padres, Nationals agree to 11-player trade (97)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)