There's an "understanding" between the Giants and Matt Cain that they'll try to wrap up contract extension talks before the Opening Day, reports Jon Heyman of CBSSports.com. There is no evidence they are close to a deal or that they've even made progress in recent weeks. Extension talks with Tim Lincecum are on hold so the team can focus on Cain given the short window.
The Giants made Cain an initial offer a few weeks ago, though the 27-year-old right-hander is said to be seeking a nine-figure guarantee. The team's offer was not close to $100MM according to Heyman. Cain will earn $15MM in 2012 before hitting the open market next winter, when he will arguably be the best free agent right-handed starter since Mike Mussina in 2000.
Lincecum signed a two-year extension worth $40.5MM this offseason, and San Francisco offered him a five-year deal worth roughly $100MM not too long ago. The two sides are said to be $75MM or so apart.