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.

Giants nearing deal with Cameron Maybin

Cameron Maybin
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The Giants are finalizing a minor league deal for free agent outfielder Cameron Maybin, according to Andrew Baggarly and Ken Rosenthal of The Athletic. The team has not confirmed the signing, but it’s in keeping with their stated goal of adding more veteran presence and outfield options to their roster in advance of the 2019 season.

Maybin, 31, appeared in back-to-back gigs with the Marlins and Mariners in 2018. He slashed an underwhelming .249/.326/.336 with four home runs, 10 stolen bases (in 15 chances), a .662 OPS, and 0.5 fWAR through 384 plate appearances for the two clubs, a clear improvement over his totals in 2017 but still shy of the career numbers he posted with the Padres all the way back in 2011. It’s not only his offense that has tanked, but his speed and defense in center field, all of which he’ll try to improve as he jockeys for a roster spot in camp this month.

The Giants’ outfield has been largely depleted of any kind of consistent talent lately, especially taking into account the recent departures of Hunter Pence, Gregor Blanco, and Gorkys Hernández. Even with the acquisition of, say, All-Star right fielder Bryce Harper, there’s nothing standing in the way of Maybin and fellow veteran signee Gerardo Parra grabbing hold of full- or part-time roles this year, though they’ll need to outperform candidates like Chris Shaw, Steven Duggar, Drew Ferguson, Mac Williamson, Austin Slater, Craig Gentry, Mike Gerber, and others first.

In a previous report on Friday, Baggarly revealed that a “handshake understanding” had been established with several veteran players already this offseason, all but guaranteeing them regular starting opportunities over the course of the season. How those agreements will be affected by spring training performances remains to be seen, but at least for now, the Giants appear prepared to give their newest players a long leash as they try to get back on top in the NL West.