Giants And SP Matt Cain Agree On Six-Year $127.5 Million Deal
The San Francisco Giants and starting pitcher Matt Cain have reached a deal worth $127.5 million over six years, according to the Giants’ official Twitter account.
The #SFGiants have signed Matt Cain to a 5 year extension through the 2017 season with a club/vesting player option for the 2018 season.—
San Francisco Giants (@SFGiants) April 02, 2012
Before the two parties reached an agreement, the Giants and Cain’s agents were struggling to come to an agreement as Cain maintained that his absolute floor was five years and $100 million. Under the new deal, Cain is guaranteed $112.5 million of new money over five years, the largest contract ever for a right-handed pitcher, according to Ken Rosenthal of Fox Sports.
In six Cactus League exhibition games this spring, Cain was 3-0 with a 1.42 ERA tossing 24 strikeouts and just three walks. Coaches have remarked that he appears to be in the best shape of his career. Last season, Cain was 12-8 with a 2.88 ERA and tossing 179 strikeouts.