The Giants and Matt Cain have agreed to a five-year contract extension through the 2017 season.
The deal, which supersedes Cain's current contract, includes $112.5 million of new guaranteed money and a vesting option for 2018 that could bring the total value of the deal to $141 million.
It is the largest contract ever handed out to a right-handed pitcher and the second-largest contract for a pitcher who was not a free agent at the time. Cain, who would have been a free agent after this season, also got a full no-trade clause.
"Ensuring that Matt remained a Giant beyond this season was a top priority for the organization," general manger Brian Sabean said in a statement. "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."
Matt Cain's deal with Giants guarantees pitcher $127.5 million
San Jose Mercury News | Apr 2