Matt Cain to have season-ending surgery

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Hank Schulman of the San Francisco Chronicle reports that Matt Cain is going to have season-ended surgery on Monday.

It was reported over the weekend that the Giants’ medical staff recommended surgery for Cain’s inflamed right elbow, which contained bone chips. They must have talked him into it. It was inevitable anyway, and at least if he has the surgery now there is a good chance he’ll be ready for the start of the 2015 season.

The 2014 season is already a loss for him. He has a career-high 4.18 ERA over 15 starts and has been on the disabled list three times.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.