Santiago Casilla’s 2016 Option Vests

Santiago Casilla closed out the Giants win today for his 37th save. More importantly, he triggered his $6.5MM vesting option for 2016. As we learned earlier this season, Casilla needed to finish 55 games for the option to vest. He was already guaranteed a $1MM buyout if it did not vest, so he secured an additional $5.5MM today.

Casilla, 35,  had a strong season as the Giants closer with a 2.83 ERA, 9.58 K/9, and 3.61 BB/9. The strikeout rate was the best of his career. Over 496 career innings, Casilla has a 3.16 ERA, 7.94 K/9, 3.92 BB/9, and 95 saves.

Following the game, manager Bruce Bochy indicated that Casilla’s option would have been picked up even if it hadn’t vested, tweets Andrew Baggarly of the San Jose Mercury News. Indeed, the decision was a no-brainer so long as Casilla finished the season healthy. The additional $5.5MM payment is well below market value for an established closer.