July 17, 2011; San Diego, CA, USA; San Francisco Giants starting pitcher Matt Cain (18) throws during the first inning against the San Diego Padres at Petco Park. Mandatory Credit: Christopher Hanewinckel-US PRESSWIRE

Matt Cain And The Giants Agree On 5 Year, (up to) $112.5 Million Dollar Deal

Credit: Christopher Hanewinckel-US PRESSWIRE

And the extra supply of paper bags can be put away until Tiny Tim’s contractual situation rears its ugly head because Matt Cain is a San Francisco Giant for a long time.

Doing their best to avoid contractual talks going into the regular season, Matt Cain, his representatives and the San Francisco Giants have agreed on a 5 year, $112.5 million dollar deal according to John Shea. The actual deal is reportedly worth $100 million dollars alone with a $5 million dollar signing bonus which will include a buyout /club option in 2018. If all things align, the deal essentially comes out to a 5 year, $112.5 extension, buyout money included in Cain’s final season. If the option is exercised, the money obviously goes up a bit, peaking at $141 million dollars. The deal also comes with a full no trade clause.

Of course, terms can sometimes change as the reports get more concrete, but the differences aren’t that great. In short, Matt Cain is a San Francisco Giant for this season and the next five after that on what could be considered a pretty team friendly deal, given the money he could have commanded on the open market.

As I’ve said from the start, despite the hardball tactics of Cain’s agents and reps, Cainer wanted San Francisco just as much as San Francisco wanted him.

Thankfully, both sides got their wish.

Rejoice Giant fans – Matt Cain is here to stay.

And more than that? He just doesn’t look good in blue.

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