When Matt Cain pondered his future, staying put in San Francisco where his career took off was the top option.
Now, Cain has that hefty new contract he hoped for before opening day.
Cain and the Giants agreed Monday to a $127.5 million, six-year contract, the largest deal for a right-handed pitcher in baseball history.
“This is a decision that was made pretty simple for us. It was a process and it was a negotiation. It was good for my family and I to go through all of that,” Cain said, his wife Chelsea in the back of the room for his news conference. “To be able to know this is probably going to be our lifetime as a Giant, that’s pretty cool for us.”
The agreement adds $112.5 million over five years to the $15 million salary for 2012 that remained on the All-Star’s previous deal. Cain gets a $5 million signing bonus as part of the new contract and $20 million annually in 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.
Among pitchers, only the Yankees’ CC Sabathia and the Mets’ Johan Santana, both left-handers, agreed to larger contracts. Sabathia got a $161 million deal for 2009-15 that had an additional year and $30 million in guaranteed money added last fall. Santana agreed to a $137.5 million contract for 2008-13.
The previous record contract for a right-handed pitcher was Kevin Brown’s $105 million, seven-year deal with the Dodgers after the 1998 season.
Cain, 27, went 12-11 last season with a 2.88 ERA, reaching 200 innings for the fifth straight season.
a.m. and released on bond of about $1,600 a few hours later.
1/3 innings this spring, surrendered six runs – five earned – over three innings during a 13-7 win against the Chicago White Sox. He gave up five hits, struck out two and walked three.