Matt Cain and the Giants agree to $112.5 million extension

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First Joey Votto and now Matt Cain.

Said to be working hard on contract negotiations over the weekend, the Giants just made things official with Cain by announcing a five-year, $112.5 million extension with a sixth-year vesting option.

Cain was already set to earn $15 million this season in the final year of a three-year, $27 million extension signed in March of 2010. That deal covered Cain’s final two arbitration eligible seasons and his first year of free agency. This five-year extension will keep him in San Francisco through his age-32 season in 2017 and the 2018 option includes a $7.5 million buyout.

Obviously any $100 million-plus investment in a pitcher is extremely risky and $22 million per season is a ton, especially for a team that learned (and is still learning) the hard way with Barry Zito, but limiting the commitment to five years and avoiding Cain’s mid-30s lessens the Giants’ risk somewhat and he’s been remarkably consistent with a 3.35 career ERA and at least 190 innings in each of his six full seasons.

On a related note, the Phillies would no doubt be thrilled if Cole Hamels accepted a five-year, $112.5 million deal. Hamels has better secondary numbers than Cain and has pitched in a hitter-friendly ballpark, but their raw numbers are very similar: 3.39 ERA in 1,161 innings for Hamels. 3.35 ERA in 1,317 innings for Cain.

Report: Tigers to hire Ron Gardenhire as new manager

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The Tigers are expected to hire Ron Gardenhire as the team’s new manager upon completion of a contract, per Ken Rosenthal and Katie Strang of The Athletic. Gardenhire, 59, spent the 2017 season serving as the bench coach for the Diamondbacks.

Gardenhire managed the Twins for 13 seasons between 2002-14, amassing a 1,068-1,039 (.507) record in the regular season and reaching the playoffs six times.

According to Strang and Rosenthal, Gardenhire was one of 10 candidates to interview with the Tigers. Others included Alex Cora, Mike Redmond, Fredi Gonzalez, Joe McEwing, Hensley Meulens, Dave Clark, and Omar Vizquel. Apparently, GM Al Avila wanted a manager with previous major league managing experience.

The Tigers parted ways with previous manager Brad Ausmus at the end of the 2017 regular season, his fourth year at the helm.