Giants lock up Madison Bumgarner with long-term deal

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Two weeks after handing Matt Cain a five-year, $121.5 million contract extension the Giants have locked up Madison Bumgarner long term as well, signing the 22-year-old left-hander to a five-year deal with team options for 2018 and 2019. According to his agents the contract is worth $35 million in guaranteed money.

In terms of service time Cain and Bumgarner are much different, as Cain would have been eligible for free agency after this season and Bumgarner isn’t even arbitration eligible yet.

San Francisco already had Bumgarner under team control through 2016, so this deal simply pre-pays for his three arbitration seasons and buys out his first year of free agency while giving the Giants an opportunity to keep him off the open market for two additional years. If they exercise both options he won’t be a free agent until 2020, at age 30.

As with any long-term commitment to a 22-year-old pitcher there’s lots of risk involved, but Bumgarner was considered an elite prospect in the minors and has already established himself as one of baseball’s best left-handed starters with a 3.12 ERA and 292/79 K/BB ratio in 337 career innings.

Now that the Giants control Cain through 2018 and Bumgarner through 2019 they may not feel as much pressure to break the bank for Tim Lincecum, who has another year and $22 million left on his deal, although certainly no amount of top-notch young rotation depth makes losing a two-time Cy Young winner to free agency before age 30 any easier.

Report: Diamondbacks acquire Steven Souza from Rays in part of three-team deal

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Update (6:35 PM ET): This is a three-team deal also involving the Diamondbacks, per Nick Piecoro of the Arizona Republic. The Diamondbacks will receive outfielder Steven Souza from the Rays and second baseman Brandon Drury will head to the Yankees. Lefty reliever Anthony Banda will go to the Rays, Piecoro adds. The Diamondbacks will also receive prospect Taylor Widener from the Yankees, per Joel Sherman of the New York Post.

Souza, 28, is earning $3.55 million in his first of three years of arbitration eligibility, so the Rays are presumably saving money in moving him. Last season, Souza hit a productive .239/.351/.459 with 30 home runs, 78 RBI, 78 runs scored, and 16 stolen bases in 617 plate appearances. Souza’s arrival almost certainly pushes Yasmany Tomas out of a starting gig.

Drury, 25, has played a handful of positions in his brief major league career. Last year, he played second base in Arizona, batting .267/.317/.447 with 13 home runs and 63 RBI in 480 PA.

Banda, 24, made his major league debut last season, posting an ugly 5.96 ERA with a 25/10 K/BB ratio in 25 2/3 innings. The peripherals suggest he pitched better than his ERA indicated.

Widener, 23, was selected by the Yankees in the 12th round of the 2016 draft. This past season with High-A Tampa, he pitched 119 1/3 innings and posted a 3.39 ERA with a 129/50 K/BB ratio. MLB Pipeline rated Widener as the 14th-best prospect in the Yankees’ system.

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Robert Murray of FanRag Sports reports that the Rays will acquire second base prospect Nick Solak from the Yankees. The Yankees’ return is presently not known.

Solak, 23, was selected by the Yankees in the second round of the 2016 draft. He spent last season between High-A Tampa and Double-A Trenton, hitting a combined .297/.384/.452 with 12 home runs, 53 RBI, 72 runs scored, and 14 stolen bases.

MLB Pipeline ranked Solak as the eighth-best prospect in the Yankees’ system and the fifth-best second base prospect in baseball, praising him for his ability to hit line drives as well as his speed.