Matt Cain and the Giants agree to $112.5 million extension

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First Joey Votto and now Matt Cain.

Said to be working hard on contract negotiations over the weekend, the Giants just made things official with Cain by announcing a five-year, $112.5 million extension with a sixth-year vesting option.

Cain was already set to earn $15 million this season in the final year of a three-year, $27 million extension signed in March of 2010. That deal covered Cain’s final two arbitration eligible seasons and his first year of free agency. This five-year extension will keep him in San Francisco through his age-32 season in 2017 and the 2018 option includes a $7.5 million buyout.

Obviously any $100 million-plus investment in a pitcher is extremely risky and $22 million per season is a ton, especially for a team that learned (and is still learning) the hard way with Barry Zito, but limiting the commitment to five years and avoiding Cain’s mid-30s lessens the Giants’ risk somewhat and he’s been remarkably consistent with a 3.35 career ERA and at least 190 innings in each of his six full seasons.

On a related note, the Phillies would no doubt be thrilled if Cole Hamels accepted a five-year, $112.5 million deal. Hamels has better secondary numbers than Cain and has pitched in a hitter-friendly ballpark, but their raw numbers are very similar: 3.39 ERA in 1,161 innings for Hamels. 3.35 ERA in 1,317 innings for Cain.

Orioles’ pitching crosses 100 homers allowed mark in 48th game

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The Orioles’ pitching staff is on pace to obliterate the Reds’ record of 258 homers allowed in the season. When O’s starter David Hess yielded a three-run home run to Yankees outfielder Clint Frazier in the fifth inning of Tuesday night’s game, that marked the 100th homer given up by a Baltimore pitcher this season. They have played 48 games so far, putting them on pace to allow 338.

The homer was Frazier’s second of the night. He had also gone yard with a runner on in the third inning. Gary Sánchez opened the scoring in the first inning with a three-run blast of his own. As of this writing, the Yankees are leading 11-3.

Not that it comes as any surprise, but the Yankees’ offense has the Orioles’ number so far this season. The club has hit 73 homers on the season with 26 of them — 36 percent — coming against the Orioles. The Yankees have played 10 of their 47 games — 21 percent — against the O’s. The Orioles have also allowed 23 home runs to the Twins in six games so far this season