Giants Extend Contracts Of Sabean, Bochy

SUNDAY: Bochy's new contract will pay him close to $5MM per year and he could be second only to the Angels' Mike Scioscia as the highest-paid manager in baseball, reports Henry Schulman of the San Francisco Chronicle (on Sulia). Bochy would not comment to reporters, including Schulman, except to say Giants' ownership was "very generous."

THURSDAY, 7:40pm: The Giants have sent another release that does not include the team options for 2017, as they originally indicated. Sabean and Bochy's contracts go through 2016 and do not include team options.

7:31pm: The Giants have extended the contracts of general manager Brian Sabean and manager Bruce Bochy through 2016, according to a team release. Dollar figures for the two contracts have not been released.

The Giants won World Series in 2010 and 2012, so it's not surprising the team would want to keep Sabean and Bochy in the fold. Sabean took over as general manager of the Giants in 1996 and has been on the job longer than any other active GM. Bochy has managed the Giants since 2007.

The team exercised its 2014 options on both Sabean and Bochy last December. Last month, it was reported that the Giants were negotiating extensions with both of them.

Edward Creech contributed to this post.