Giants give Cain $27.25 million, 3-year deal

By foxsports
Published

Matt Cain and the San Francisco Giants have agreed to a $27.25 million, three-year contract, while closer Brian Wilson has been given a $15 million, two-year extension through 2012.

Left-hander Jeremy Affeldt has been given a one-year extension through 2011 that adds $5.5 million in new money.

In all, the team added $43.25 million in new commitments in the three deals.

Cain gets a $1 million signing bonus, $4.5 million this year, $7 million in 2011 and $15 million in 2012. He was due to make $4.5 million in 2010, the final season of a $9 million, four-year contract that included a $6.25 million team option for 2011.

Depending on how he does in Cy Young Award voting, Cain's salary could escalate to $7.5 million in 2011 and $15.5 million in 2012. He would earn a $50,000 bonus each year he pitches 225 innings and gets a limited no-trade provision giving him the right to block deals to eight teams.

Cain was a first-time All-Star last year and went 14-8 with a 2.89 ERA in 33 starts. His four complete games tied for first in the NL.

``It just shows appreciation for the things I've done, and the way they run the organization,'' Cain said. ``It shows that we can do something to benefit both sides.''

The 25-year-old showed he is nearly ready for the regular season on Sunday by pitching five innings of no-hit ball in a minor league game. He gave up two home runs in the sixth and pitched the seventh.

Wilson, 28, already was signed for $4,437,500 for this year under a settlement in January that avoided salary arbitration. The extension added salaries of $6.5 million in 2011 and $8.5 million in 2012.

He had 38 saves last season and 41 in 2008. He was a first-time All-Star in 2008.

The 30-year-old Affeldt receives a $500,000 raise to $4.5 million this season, gets $4.5 million in 2011 and has a $5 million club option for 2012 with a $500,000 buyout.

He tied with Minnesota's Matt Guerrier for the major-league lead in holds with 33 last season.

In February, the Giants and two-time Cy Young Award winner Tim Lincecum finalized a $23 million, two-year deal.

``It's what we've been talking about all spring,'' Cain said of the Giants' rotation. ``We love playing together. We all feed off each other.