Originally written on SF Giants Nirvana  |  Last updated 11/17/14

Earlier today, the Giants announced that they have agreed to a five-year contract extension with Madison Bumgarner. He’ll be under contract with San Francisco through 2017, and the team also has options for 2018 and 2019 (2018′s a club/vesting option, and 2019 is just a club option). He’s guaranteed $35M, though in the unlikely event that he reaches Super Two status, he’ll make $40M. Buster Olney broke down some of the other contract details.

Bumgarner would have been eligible for free agency in 2017, meaning the Giants essentially get three more years of Bumgarner than they otherwise would have had (two of them, of course, on options). That’s where the real potential reward for the contract lies: those post-arb-eligible years. If Bumgarner continues on this excellent career trajectory, the Giants save some money, but not a significant amount — at least not considering the risk they’re taking (again, these are years over which they already had team control).

The incentive here comes in 2017, 2018, and 2019. If Bumgarner keeps doing his thing and hits the open market in 2017, he’s in store for a lot of money. The cost of retaining him (as we saw with Matt Cain) could be sky-high at that point. But the Giants have him locked up for that year at roughly $12M, which — down the road — is potentially a steal. And the club options, 2018 and 2019, could be even more rewarding — they give the Giants the option to hold onto Bumgarner for another couple years without the risk that comes with guaranteed contract years.

Madison Bumgarner is four months away from turning 23, and he’s already achieved quite a lot. Specifically, this: 337 innings, 119 ERA+, 3.7 K/BB. Based on what he’s accomplished thus far, there’s plenty of reason to believe that he can be among the premier pitchers in baseball over the next decade. There’s considerable risk, as with any long-term extension to a young pitcher, but the potential reward — having him under contract at a reasonable cost until he’s approaching his 30s — seems to outweigh that cost.

I liked the Cain extension a lot. But I love this deal. This is an excellent, forward-thinking move by the Giants’ front office, and I couldn’t be more excited about the prospect of watching Bumgarner pitch in a Giants uni’ for the better part of the next decade.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Blue Jays OF tears meniscus in freak sprinkler accident

Death threats show why some fans take sports too seriously

Five bubble teams playing well heading into March

Falcons release Steven Jackson

Bill Walton has some words of advice for Derrick Rose

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Five under-the-radar National Player of the Year candidates

Judge overturns Peterson suspension; NFL to appeal

Dez Bryant's mother in 2012: Dez threatened to knock me out

Full offseason breakdown for all 32 NFL teams

Brandon Bostick received death threats after botched play

Ex-Louisville player charged with rape, sodomy

WATCH: Sidney Crosby catches teammate's stick in mid-air

WATCH: Vanderbilt coach tells own player 'I'll f-ing kill you'

Are the Kings willing to trade DeMarcus Cousins?

Johan Santana signed by Blue Jays to minor league deal

Leafs trade David Clarkson to Blue Jackets For Nathan Horton

Panthers acquire Jaromir Jagr from Devils

Russell Westbrook is surging into the MVP conversation

HBO picks up The Rock’s football series, ‘Ballers’

The key offseason moves for every MLB team

Giancarlo Stanton gets first-ever customized facemask

Ronda Rousey, Arianny Celeste have verbal sparring match

Dallas sportscaster back with another powerful essay

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Bostick death threats show why some fans take sports too seriously

Russell Westbrook is surging into the MVP conversation

Five-round NFL Mock Draft

Key offseason moves for every MLB team

Rousey, Arianny Celeste get into it

Dallas sportscaster back with another powerful essay

The parallels of Rose and Hardaway

Offseason breakdown for all 32 NFL teams

On Josh Hamilton's addiction and feeling alone

Judge rules against AP's suspension

Why the Lions should let Suh walk

Chris Jones charged with rape, sodomy

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.