He emerged as an All-Star and front-line starter with the Giants, and helped lead them to an improbable championship two years ago.
Now, Cain has that hefty new contract he so hoped for before opening day— awarded for what he has done and what San Francisco’s brass is confident he will continue to do in a star-studded rotation.
Cain 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,” Cain said, 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 the All-Star’s previous deal. Cain gets a $5 million signing bonus as part of the new contract and $20 million annually from 2013-17. The deal includes a $21 million option for 2018 with a $7.5 million buyout that, if exercised, would raise the total to $141 million over seven seasons.