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Matt Cain Contract: Talks Still Ongoing With Giants All-Star

According to the San Jose Mercury News' Andrew Baggarly, talks between the San Francisco Giants and All-Star right-hander Matt Cain are still ongoing as Spring Training approaches.

Team vice president Bobby Evans told Baggarly that dialogue between the team and Cain's representatives are "very healthy' and confirmed that they have recently spoken to one within the last few days or so.

Cain, 27, is set to make $15 million next season but will become a free agent after 2012. Cain signed a three-year, $27.5 million extension in 2010, paying him $4.25 million in 2010, $7 million in 2011 and $15 million in 2012, plus a $1 million signing bonus.

Cain was an All-Star in 2011, posting a 12-11 record with a 2.88 ERA, 1.08 WHIP, and 179 strikeouts in 33 starts for the Black and Orange.

For more news and notes on the Giants offseason, make sure to check out McCovey Chronicles to get in on the action.