Matt Cain has that hefty new contract he hoped for before opening day.
Cain and the San Francisco Giants agreed Monday to a $127.5 million, six-year contract, the largest deal for a right-handed pitcher in baseball history.
The agreement adds $112.5 million over five years to the $15 million salary for 2012 that was remaining in his previous deal. Cain gets a $5 million signing bonus as part of the new contract and $20 million annually from 2013-17. The deal includes a $21 million option for 2018 with a $7.5 million buyout that, if exercised, would raise the total to $141 million over seven seasons.
One of general manager Brian Sabean's top priorities this offseason had been to keep his talented pitching staff intact. Two-time NL Cy Young Award winner Tim Lincecum agreed to a $40.5 million, two-year contract in late January.
''Ensuring that Matt remained a Giant beyond this season was a top priority for the organization. Matt is an integral part of the team whose performance on ...