Pitcher Matt Cain, San Francisco agree on $127.5 million deal | Baseball
Matt Cain, 27, and the San Francisco Giants agreed to a $127.5 million, six-year contract, the largest deal for a right-handed pitcher in baseball history.
SAN FRANCISCO — When Matt Cain pondered his future, staying put in San Francisco — where his career took off — became the top option.
He emerged as an All-Star and front-line starter with the Giants, and helped them win a World Series championship in 2010.
Cain has the hefty new contract he wanted before opening day. The 27-year-old 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," said Cain, 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 a previous deal.
Cain gets a $5 million signing bonus as part of the new contract and $20 million annually from 2013 to 2017.
The deal includes a $21 million option for 2018, with a $7.5 million buyout; if the option is exercised, the deal would be worth $141 million over seven seasons.
The previous record deal for a right-hander was Kevin Brown's $105 million, seven-year contract with the Los Angeles Dodgers after the 1998 season.
Cain was 12-11 last year with a 2.88 earned-run average, reaching 200 innings for the fifth straight season.
Reports: Votto to get
$225 million extension
GOODYEAR, Ariz. — The Cincinnati Reds are discussing a new contract with first baseman Joey Votto that would extend beyond the 2013 season.
According to multiple reports, Votto would make $225 million in a 10-year extension that would keep him with the Reds through the 2023 season. He is under contract through 2013, with base salaries of $9.5 million this year and $17 million next year.
Votto, 28, was the National League most valuable player in 2010. He batted .309 last season with 29 homers and drove in 103 runs.
Votto declined to get into specifics about negotiations.
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