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.

Khris Davis shut down with oblique issue

Khris Davis
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Athletics designated hitter Khris Davis has been placed on the 10-day injured list with a left hip/oblique contusion, per a team announcement. He’ll be shut down from swinging a bat for five days, at which point he’ll undergo further evaluation. A definite timetable for his return has not been announced.

Davis initially sustained the injury after colliding with the left field wall earlier this month, and doesn’t appear to have recovered as quickly or completely as the club hoped he would by this point. Since the move is retroactive to May 22, he’ll be eligible to come off the injured list in early June, assuming all goes according to plan.

In a corresponding move, rookie outfielder Skye Bolt was recalled from Triple-A Las Vegas to fill the vacant roster spot. Without Davis in the lineup, the team will continue to utilize Mark Canha at DH, as the 30-year-old infielder is currently batting a serviceable .224/.346/.567 with seven home runs and a .913 OPS through his first 81 PA of the year.