UPDATE: Giants hand Cain three-year extension

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cain headshot.JPGUPDATE:  Baggarly hears that Cain’s salary will remain at $4.5 million this season, but jumps to around $8 million in 2011 and north of $15 million for 2012.  All things considered, it’s a great deal for the Giants.

3:38pm:  The San Francisco Chronicle’s Henry Schulman reports that it’s a three-year deal. Cain is getting a restructured sum this year and a raise on his $6.25 million option in 2011. Financial terms aren’t yet available, though it’s safe to guess that he will also be making big bucks in 2012.

3:20pm:  Andrew Baggarly of the San Jose Mercury News hears that the Giants will announce an extension for right-hander Matt Cain on Sunday afternoon.

It has been a busy few days in Giants camp, with left-handed setup man Jeremy Affeldt landing a two-year, $9.5 million contract extension on Wednesday and 28-year-old closer Brian Wilson agreeing to a new deal just a few days later.

It’s not clear what kind of money Cain will receive.  He’s just 25 years of age and went 14-8 last season with a 2.89 ERA and 1.18 WHIP, so we’d have to think his asking price was fairly high in negotiations.  The righty is entering the final season of a four-year, $9 million extension signed back in 2007.  That deal included a $6.25 million club option for 2011.

Video: Javier Báez jukes David Freese to avoid tag at first base

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Cubs shortstop Javier Báez pulled off one of the best jukes you’ll see, avoiding the tag from David Freese on a play at first base in the second inning of Tuesday night’s game against the Dodgers. Báez barely made contact with a Kenta Maeda pitch well outside the strike zone, tapping it towards Freese. Báez halted his momentum, juking Freese while he attempted to apply the tag, then dove into first base.

Dodgers manager Dave Roberts attempted to argue that Báez went out of the baseline, but the umpires’ no-call stood and Báez had himself a single. He would end up stranded on base, unfortunately for him and the Cubs.