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.

Jack Morris and Alan Trammell make the Hall of Fame on the Modern Era ballot

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The Modern Era ballot was revealed last month. The results have been announced on Sunday night. Jack Morris and Alan Trammell will be inducted into the Hall of Fame next summer.

Morris, now 62, pitched parts of 18 seasons in the majors, 14 of which were spent with the Tigers. He played on four championship teams: the 1984 Tigers, the 1991 Twins, and the 1992-93 Blue Jays. While his regular season stats weren’t terribly impressive beyond his 254 wins, Morris has always had a decent amount of Hall of Fame support due to his postseason performances. Morris shut the Braves out over 10 innings in Game 7 of the ’91 World Series. That being said, his postseason ERA of 3.80 isn’t far off his regular season ERA of 3.90. If you ask me, Morris doesn’t pass muster for the Hall of Fame. He now has the highest career ERA of any pitcher in the Hall.

Trammel, now 59, had been unjustly kept out of the Hall of Fame despite a terrific career. He hit .285/.352/.415 across parts of 20 seasons from 1977-96, all with the Tigers. He was regarded as a tremendous defender and made a memorable combination up the middle with Lou Whitaker, who also played with the Tigers from 1977-95. According to Baseball Reference, Trammell racked up 70.4 Wins Above Replacement during his career, which is slightly more than Hall of Famer Barry Larkin (70.2) and as much as Hall of Famer Ron Santo (70.4).

Steve Garvey, Tommy John, Don Mattingly, Dale Murphy, Dave Parker, Ted Simmons, Luis Tiant, and Marvin Miller were not elected to the Hall of Fame. Miller continuing to be shut out is a travesty. Craig has written at length here about Miller’s exclusion.