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Latest On Matt Cain, Madison Bumgarner

It appeared earlier this week that the Giants and Matt Cain had built momentum toward an extension. One person in the know even said there's no chance the 2013 free agent signs for less than $100MM. Here are today's updates on talks between Cain, the Giants and teammate Madison Bumgarner:

• The Giants agreed to a one-year deal with Bumgarner, Henry Schulman of the San Francisco Chronicle reports. The pre-arbitration eligible starter will earn $575K or so in 2012.
• There's no hard deadline for talks with Cain, Schulman adds. Cain would like negotiations to be done with by Opening Day.
• Andrew Baggarly of CSNBayArea.com suggests the Giants could work out extensions for Cain and Bumgarner within the week. The sides have been working late and the Giants like package announcements, Baggarly tweets. MLBTR has previewed possible extensions for Cain and Bumgarner this past offseason.
• Ken Rosenthal of FOX Sports points out that Kevin Brown, the only right-handed pitcher in history to obtain a $100MM deal, signed his contract 13 years ago and suggests the market is ready for a correction by a present-day right-hander such as Cain. The Giants are privately optimistic that they'll lock Cain up, Rosenthal writes.

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