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.

The Marlins made an empty threat. Giancarlo Stanton made an empty promise.

Associated Press
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I covered the main press conference about Giancarlo Stanton earlier, but afterward he and his agents fanned out to various TV shows, radio shows and reporter scrums from which some new, fun things have spun out. Part of what they’ve talked about is silly and meaningless, part of it just meaningless.

Here’s the silly and meaningless, from a Marlins official, apparently, trying to bully Stanton into accepting either the Giants or the Cardinals trades despite the fact that he told them beforehand that he was not willing to go to either of those teams:

This is silly because it comes off like a threat. Like the worst possible thing that can happen to a guy is to stay with the very team that is making the threat. It’s like telling your wife that if she does not leave you, she’s stuck with you forever.

It’s meaningless too, in that Stanton has an opt-out clause after 2020. If the Marlins could not make a trade Stanton would approve, he’d simply collect close to $90 million and then leave at age 30. Oooh, don’t throw me into that briar patch, Mr. Jeter!

Not that Stanton’s people are offering statements of serious gravitas. His agent was asked about Stanton’s opt-out rights, which he retains even though he’s now with the Yankees:

That may very well be true! He just got here and everything is going great so far. It’s totally empty, of course, because anything can happen between now and the fall of 2020. If the big time free agents of the next two years sign for the sort of money that makes Stanton look underpaid, he’ll certainly opt-out, even if he wants to stay with the Yankees. Ask Alex Rodriguez and CC Sabathia how that works. The opt-out clause is pure, unadulterated leverage for a player and unless he totally craters over the next three seasons he’ll most certainly use it, regardless of present desires.

Which, hey, that’s how things work when a big trade or free agent signing happens. Everyone who has lost looks bad and everyone who won sounds happy. Then, later, the baseball happens.