Trevor Cahill agrees to long-term contract extension with A’s

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Trevor Cahill and the A’s were said to be on the verge of a long-term contract extension last week and today the two sides made everything official, announcing a deal that’s essentially identical to the extension Clay Buchholz just signed with the Red Sox.

Cahill, like Buchholz, would have been arbitration eligible for the first time next season and could have become a free agent following 2014.

Cahill’s contract is technically being phrased as a five-year, $30.5 million deal with team options for 2016 and 2017, but because his in-progress 2011 is being included in that accounting the new upfront money is really $30.1 million for four years.

Cahill gets $30.1 million for 2012-2015, with the A’s holding a $13 million option or $300,000 buyout for 2016 and a $13.5 million option or $500,000 buyout for 2017.

Buchholz got $30.5 million for 2012-2015, with the Red Sox holding a $13 million option or $250,000 buyout for 2016 and a $13.5 million option or $500,000 buyout for 2017.

And it makes sense that their extensions would be nearly identical. Cahill is a couple years younger than Buchholz, but they have identical service time and extremely similar career numbers. Cahill has a 3.69 ERA in 388 innings. Buchholz has a 3.77 ERA in 374 innings.

Good deals for both teams, as the risk is relatively minimal compared to the potential reward of controlling each pitcher’s first three seasons of free agency at what will no doubt be below-market prices by 2015.

Phillies, Red Sox interested in Carlos Santana

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The Phillies and Red Sox appear intent on pursuing free agent first baseman Carlos Santana, MLB Network’s Jon Morosi reports. Santana rejected a one-year, $17.4 million qualifying offer from the Indians on Thursday and is expected to draw widespread interest on the market this winter. The Mets, Mariners, Angels and Indians could make a play for the infielder, though no serious offers have been made this early in the offseason.

Santana, 31, is coming off of a seven-year track with the Indians. He batted .259/.363/.455 with 23 home runs and 3.0 fWAR last season, making 2017 the fourth-most valuable year of his career to date. Although he was primarily stationed at first base over the last year, he could step back into a hybrid first base/DH role with the Red Sox, who are hurting for infield depth with Hanley Ramirez still working his way back from shoulder surgery.

As for Santana’s other suitors, the Mariners are far less likely to pursue a deal after trading for Ryon Healy last Wednesday. Neither the Mets nor the Phillies have a DH spot to offer the veteran infielder, and the Phillies’ Rhys Hoskins appears to be blocking the way at first base. Then again, Santana may not find a more enticing offer outside of Cleveland, where Edwin Encarnacion might otherwise be the club’s best option at first base. During the GM meetings, Indians’ GM Mike Chernoff said he “love to have both [Santana and Jay Bruce] back” in 2018, but hasn’t backed up that love with any contract talks just yet.