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.
Free agent outfielder/slugger J.D. Martinez is reportedly seeking an outfield gig, says Michael Silverman of the Boston Herald. According to Silverman’s sources, Martinez’s suitors have been informed that the veteran slugger would give preference to teams that can offer a corner outfield spot, rather than a DH-only role.
That could spell trouble for the Red Sox, who appear to be Martinez’s biggest suitors so far this offseason. Outfielders Mookie Betts and Andrew Benintendi are firmly established at the corners, and prior reports from club president Dave Dombrowski suggest that center fielder Jackie Bradley Jr. is not going anywhere anytime soon (thereby eliminating the possibility of reshuffling the outfield). The DH spot is still wide open for Martinez, who doesn’t seem to be totally closed off to the idea, but any full-time or part-time role on the field is likely off the table at this point.
Of course, the Red Sox aren’t the only ones pursuing Martinez’s services this winter. The 30-year-old slugger has been linked to both the Diamondbacks and Giants in weeks past, and while they have the roster flexibility to accommodate his preferences, they’ll need to clear another massive hurdle: the seven-year, $250 million contract he’s said to be seeking. Both clubs will need to get creative to make such a deal work. The Diamondbacks are rumored to be shopping right-hander Zack Greinke in an attempt to free up some room on their payroll for Martinez, while the Giants appear more inclined to scour the trade market for outfield help than shell out cash for another hefty contract in free agency.