Looks like Matt Cain will be a San Francisco Giants for many years to come. According to an official release by the San Francisco Giants, the team has signed CAin to a five-year extension. The deal will guarantee the pitcher $112.5 million through 2017 with a vesting option for 2018.
Ken Rosenthal of FOX Sports adds by Twitter, “Cain's new deal replaces old one. Six yrs, $127.5M with vesting player opt for ‘18 that can bring total to $141M over seven. Full no-trade.”
“Ensuring that Matt remained a Giant beyond this season was a top priority for the organization,” GM Brian Sabean said. “Matt is an integral part of the team whose performance on the mound will be one of the keys to our success for years to come.”
“The success of our franchise depends on developing and retaining homegrown talent like Matt Cain,” said Giants' president and CEO Larry Baer. “I want to commend Brian Sabean, Bobby Evans, Matt and his representatives for their hard work to keep Matt in the Orange and Black. This is an exciting day for Giants fans everywhere and a fantastic way to kick off the 2012 season.”