Giants Close To Extending Pence

12:31pm: The Giants have agreed on a five-year deal with Pence, tweets John Fay of the San Francisco Chronicle.

12:27pm: The deal would cover five years, tweets FOX Sports' Ken Rosenthal. In a short piece, Heyman also says that a five-year term is expected and notes that an announcement could come as soon as today.

12:18pm: The Giants are nearing a $90MM deal with Pence, tweets Jon Heyman of CBSSports.com.

8:44am: The Giants' extension discussions with outfielder Hunter Pence took on increasing urgency yesterday, according to reports from the San Francisco Chronicle's Henry Schulman and CSNBayArea.com's Andrew Baggarly. Pence was seen huddling in conversation with team president Larry Baer in the reporter-filled clubhouse.

Conveniently-placed ears managed to overhear some of the discussion, according to MLB.com's Chris Haft, and among the things that passed between them was the phrase "I'm sure we'll get something done." Afterward, the 30-year-old outfielder confirmed what everyone suspected and acknowledged that talks were picking up steam. “They’re about to get back to me, seriously,” said Pence. “So we’re either really close or really far away.” When asked whether that could mean a deal by the end of the weekend, Pence said: "Yeah. I’ll know shortly. We’ll just say we’re talking, I guess.”

Baer's surprisingly public negotiation maneuver came after a night that the organization had already dedicated to Pence, who received the Willie Mac award as the club's most inspirational player. To make the night extra special, the club even conned Pence into giving up his mother's phone numbers so it could secretly arrange for her to attend.