Madison Bumgarner, San Francisco Giants Agree On Five-Year, $35 Million Extension

The San Francisco Giants have signed lefty Madison Bumgarner to a five-year, $35 million contract extension that should keep in the Bay Area through 2017 and possibly through 2018 or 2019.

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Madison Bumgarner Contract: Options Leave Giants In Driver's Seat With Young Lefty

With the San Francisco Giants successfully locking up Madison Bumgarner and Matt Cain to long term extensions this season, a collective sigh of relief can be released from the fan base with two of the top pitchers in the game remaining in the Bay for years and years to come.

Bumgarner is getting a hefty pay raise for a 22-year old, but his service time put in already is that of a much older pitcher, already logging 337 innings pitched in the majors not to mention postseason accolades and a World Series ring to boot. Even though San Francisco hasn't much history of giving such a contract to a play with such a short amount of time in the Majors, they feel he is worth it as Bummy will jump from the one-year, $560,000 contract to possibly a total of $40 million in guaranteed money over the life of his new contract. It could even go as high as $70.5 million if he wins a Cy Young.

He'll also be protected through his first year of free agency, while leaving the Giants open to possibly move on if they feel the need to later down the line. Grant Brisbee over at McCovey Chronicles points out the genius inside Bummy's new contract; the options:

The best part? Them options. If Bumgarner continues on a Steve Carlton trajectory, the Giants aren't going to lose him. And if Bumgarner continues on a Bret Saberhagen trajectory, well, the Giants will have some choices to make. But they get the option of keeping Bumgarner around without a locked-in commitment. That's probably why they call them "options."

This idea worked well with Matt Cain, whom the Giant paid only $16 million total through 2011, proving his salt to earn himself his mega contract. Bumgarner is currently in line to do something similar if he can keep himself healthy and effective, though if the Giants kept him through 2019, he would still have just turned 30 with near a decade of service in the majors already. Talk about a workhorse.

Tim Lincecum's early struggles may have lit a bit of a fire to get Bumgarner signed long-term, though the team (as do the most of us) hope these problems are merely temporary. His home-grown and seemingly unadjustable delivery from his father has seen lots of mileage already, 14,163 pitches from 2008-11 to be exact, the fifth most amongst all pitchers according to Andrew Baggarly. His velocity and command have both been less that what we've been used to, and the fact he was trying to shelf his slider to 'save his elbow' is a bi concerning as well for the 27 year-old.

You never know, it could only be Bumgarner and Cain as the 1-2 punch for San Francisco in a few seasons from now.

Signing that extension certainly helped Cain out over the weekend after his one-hit wonder against the Pirates on Friday, hopefully Bumgarner can come up with something similar on Tuesday against the Phils.

For more on the Giants, head over to McCovey Chronicles.

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Giants Front Office Targeting Long Term Deals For Lincecum, Posey

The San Francisco Giants front office is not finished yet.

Madison Bumgarner's five-year contract extension precedes even more important priorities for the Giants organization.

According to a report by Andrew Baggarly from CSN Bay Area, Giants Vice President Bobby Evans reached out with the agents of stars Buster Posey and Tim Lincecum in regards to locking the two up long-term.

After completing Madison Bumgarner's five-year extension, Giants vice president Bobby Evans touched base with the agents for Lincecum and Posey on Monday, and said there was mutual interest in keeping both stars in Giants uniforms for the longer term.

"Really, it was to remind them of our view of them as a priority," Evans said. "It's reiterating what they already know. We'd like to see them as Giants into the future." (Via: CSN Bay Area)

Lincecum has struggled early on in the 2012 season, but has made the All-Star game four years in a row and also won the National League Cy Young Award in back to back seasons in 2008 and 2009. "The Freak" was drafted by the Giants in 2006 at No. 10 overall, and he's been worth the investment.

Posey on the other hand is considered to be one of the best young catchers in the major leagues. The Georgia native was drafted in 2008 by the Giants at No. 5 overall. In his first full season with the Giants in 2010 he garnered National League Rookie of the Year honors while helping the team win the World Series that year.

For more on the Giants, check out McCovey Chronicles.

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Madison Bumgarner Contract Extension Details

For those who want more details about what's going on with the new Madison Bumgarner contract, here are some details courtesy of Buster Olney of ESPN.

Bumgarner is a candidate to be a Super-2, meaning Bumgarner has at least two years of major league service but less than three, AND is among the top 17 percent for cumulative playing time in the majors in this class of players, AND was on an active major-league roster for at least 86 days in the previous season.

If he does become Super-2 arbitration eligible, Bumgarner would earn salaries of $3 million, $5.5 million, $7 million, $10 million and $12 million from 2013 to 2017. If he doesn't, the salaries are $750K, $3.75 million

In either case, MadBum gets a $1 million signing bonus and $1.5 million option buyout. He also has a limited no-trade clause, which means there are eight teams he cannot be traded to.

To talk about how important the Bumgarner extension is to Giants fans, head on over to McCovey Chronicles.

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Madison Bumgarner Signs Five-Year, $35 Million Extension With Giants

Bumgarner's contract goes through the first year of free agency.

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