UPDATE: Giants hand Cain three-year extension

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cain headshot.JPGUPDATE:  Baggarly hears that Cain’s salary will remain at $4.5 million this season, but jumps to around $8 million in 2011 and north of $15 million for 2012.  All things considered, it’s a great deal for the Giants.

3:38pm:  The San Francisco Chronicle’s Henry Schulman reports that it’s a three-year deal. Cain is getting a restructured sum this year and a raise on his $6.25 million option in 2011. Financial terms aren’t yet available, though it’s safe to guess that he will also be making big bucks in 2012.

3:20pm:  Andrew Baggarly of the San Jose Mercury News hears that the Giants will announce an extension for right-hander Matt Cain on Sunday afternoon.

It has been a busy few days in Giants camp, with left-handed setup man Jeremy Affeldt landing a two-year, $9.5 million contract extension on Wednesday and 28-year-old closer Brian Wilson agreeing to a new deal just a few days later.

It’s not clear what kind of money Cain will receive.  He’s just 25 years of age and went 14-8 last season with a 2.89 ERA and 1.18 WHIP, so we’d have to think his asking price was fairly high in negotiations.  The righty is entering the final season of a four-year, $9 million extension signed back in 2007.  That deal included a $6.25 million club option for 2011.

Rays acquire Sergio Romo from Dodgers

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The Rays acquired right-handed reliever Sergio Romo from the Dodgers, the teams announced Saturday night. Tampa Bay manager Kevin Cash hinted that the team was in on Romo during the offseason, but couldn’t quite make a deal happen at the time. The righty reliever was designated for assignment by the Dodgers on Thursday and will net the club cash considerations or a player to be named later.

Romo, 34, struggled to find his footing in his first season with the Dodgers. He left a closing role in San Francisco to play set-up man to established closer Kenley Jansen, and saw mixed results on the mound with a 6.12 ERA, 4.3 BB/9 and 11.2 SO/9 through his first 25 innings of 2017. It’s a far cry from the sub-3.00 ERA he maintained in 2015 and 2016, but the Rays don’t seem to have ruled out a second-half surge just yet.

The veteran right-hander is expected to step into a bullpen that already boasts a solid core of right-handed relievers, including Alex Colome, Brad Boxberger, Erasmo Ramirez, Chase Whitley and Tommy Hunter. According to FOX Sports’ Ken Rosenthal, the Rays were intrigued by Romo’s extensive postseason experience, affordability and hefty strikeout rate, but will likely continue to hunt for additional bullpen depth in the weeks to come.

Colin Moran is carted off the field after taking a foul ball to the eye

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Astros’ third baseman Colin Moran was carted off the field on Saturday night after a foul ball caught him in the left eye. He was forced to leave in the sixth inning when a pitch from Orioles’ right-handed reliever Darren O'Day ricocheted off the handle of his bat and struck him in the face, causing considerable bleeding and bruising around his eye. The full extent of his injury has yet to be reported by the team.

Prior to the injury, Moran was 1-for-2 with a base hit in the third inning. He was relieved by pinch-hitter/third baseman Marwin Gonzalez, who polished off the end of the at-bat by catapulting a three-run homer onto Eutaw Street.

Evan Gattis and Carlos Beltran combined for another two runs in the ninth inning, bringing the Astros to a four-run lead as they look toward their 65th win of the season. They currently lead the Orioles 7-4 in the bottom of the ninth.