Giants and Santiago Casilla agree to three-year extension

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UPDATE: Henry Schulman of the San Francisco Chronicle hears that the deal is worth around $15 million. Nothing to get too worked up about, but long-term deals for relievers can be risky business.

11:08 PM: Andrew Baggarly of CSNBayArea.com reports that the Giants and Sanitago Casilla have agreed to a three-year extension, pending a physical.

No word yet on the terms involved, but the deal includes a club/vesting option for 2016. Casilla was arbitration-eligible for the final time this winter after making $2.2 million in 2012, so the deal buys out at least his first two years of free agency.

Casilla owns a dominant 2.22 ERA in 74 appearances since joining the Giants in 2010. Only Mike Adams and Eric O’Flaherty have a lower ERA (min. 170 innings pitched) during the same timespan. The 32-year-old right-hander took over as the Giants’ closer this past season after Brian Wilson had Tommy John surgery, notching 25 saves in 31 chances, but he’s expected to pitch in a set-up capacity in 2013 now that Sergio Romo has staked claim to the role.

Report: Steven Matz has been pitching through pain, may need elbow surgery

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Newsday’s Marc Carig reports that Mets starter Steven Matz has been pitching through pain for most of the season. He may need surgery to fix a nerve issue in his elbow. Matz was sidelined in spring training with an elbow injury and made his regular season debut on June 10.

Matz, 26, has struggled over 13 starts, posting a 6.08 ERA with a 48/19 K/BB ratio in 66 2/3 innings. Many were scrambling for explanations for his pitching woes and now they have it.

According to Carig, the Mets let Matz skip his bullpen sessions to help him pitch through the pain. Given the Mets’ shoddy history of dealing with injuries, that’s not a good look for the club.

Carig noted on Twitter that Jacob deGrom offers some optimism for Matz’s case. deGrom underwent right elbow surgery to repair ulnar nerve damage last September and bounced back to have a great season this year.

Clayton Kershaw’s simulated game went so well he threw an extra inning

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Dodgers lefty Clayton Kershaw was scheduled to throw three innings in a simulated game on Monday. That simulated game went so well, he threw an extra inning, MLB.com’s Ken Gurnick reports. Kershaw will make a minor league rehab start next and could be activated towards the end of next week.

Kershaw, 29, has been on the disabled list since July 24 with a lower back strain. That put the pause button on another outstanding season. He’s carrying a 15-2 record with a 2.04 ERA and a 168/24 K/BB ratio in 141 1/3 innings.

The 87-35 Dodgers have run away with the NL West, needing some combination of 20 wins and 20 Rockies losses (19 for the third-place Diamondbacks) to officially clinch the division. While the Dodgers are all but mathematically assured of reaching postseason baseball, the club would still like to get Kershaw as ready as possible over the next month-plus.