Originally posted on SF Giants Nirvana  |  Last updated 4/16/12

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

Paul George extremely critical of Pacers following trade deadline

Chris Bosh joining TNT as analyst

Cameron Payne will have chance to shine with Bulls

Danny Ainge opens up about why Celtics didn’t make a trade before deadline

Kevin Durant wants to be NBA GM or owner after playing career

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Mavericks discussing buyout with Deron Williams

T-Wolves reportedly backed away from Ricky Rubio-Derrick Rose trade

DeMarcus Cousins calls duo with Anthony Davis ‘Fire and Ice’

Reasons why 76ers got so little for Nerlens Noel emerge

John Lynch: 49ers ‘absolutely’ need to improve at QB position

Report: Raptors trade Jared Sullinger, two future picks to Suns for P.J. Tucker

Grading the NBA trade deadline on the Vince Carter scale

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Streaming sports docuseries you don't want to miss

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

As NHL trade deadline nears, seven teams who could be dealing

Box Score 2/23: Gillon's buzzer-beater blast for the win

The Aesthetic: Pushing the boundaries of the three-pointer

The top 10 MLB third basemen heading into spring training

NBA coaches who should be fired soon

Box Score 2/22: Not everyone is happy with the new intentional walk rule

Teams and players who could be dealing at the NBA trade deadline

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

Grading the NBA trade deadline on the Vince Carter scale

Streaming sports docuseries you don't want to miss

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

As NHL trade deadline nears, seven teams who could be dealing

QUIZ: Name every MLB pitcher who has recorded 10 or more shutouts in a single season

The top 10 MLB third basemen heading into spring training

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker