Matt Cain and Giants have “plenty of mutual interest” in contract extension

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Matt Cain is one season away from hitting the open market as a 28-year-old free agent and told Andrew Baggarly of CSNBayArea.com that he’s unlikely to discuss a long-term contract extension once spring training is over.

“We’d all like something resolved by the end of spring training,” Cain said. “I don’t think either side wants that to linger into the season.”

Baggarly describes the two sides as having “plenty of mutual interest” in an extension, but barring a major injury Cain is likely in line for a $100 million deal as a free agent.

His win-loss records have typically been underwhelming because of poor run support, but Cain has thrown 200-plus innings in five straight seasons while posting ERAs of 3.65, 3.76, 2.89, 3.14, and 2.88. Rarely does a starting pitcher of that quality become a free agent at such a young age–he debuted at age 20–so it’s hard to imagine Cain not being able to get at least a six-year deal for huge money.