(NEW YORK) — Just weeks after the San Francisco Giants locked up starting pitcher Matt Cain to a five-year contract worth $121.5 million, the team is at it again. The Giants have signed starting pitcher Madison Bumgarner to a five-year contract extension worth $35 million in guaranteed money, according to his agent.
The deal also includes options for a sixth and seventh year as well. San Francisco already had Bumgarner under control through 2016, so this deal pre-pays for his three arbitration seasons and buys out his first year of free agency.
If the team decides to exercise both options, they will have Bumgarner under control until the 2020 season, when he’ll just be turning 30.
Bumgarner was the tenth overall pick in the 2007 MLB Amateur Draft. He made his Major League debut with the Giants in 2009, making four starts. He made 18 regular season starts in 2010, as well as four appearances during the playoffs that season in route to a World Series title. Bumgarner registered a 2.18 ERA in the playoffs that year.
This year, Bumgarner is 1-1 with a 3.97 ERA in two starts.
Copyright 2012 ABC News Radio
Jill Martin, CNN
Eliott C. McLaughlin, CNN Newswire