Odds & Ends: Gaudin, Mets, Cain, Parra

Links for Sunday evening..

Giants, Cain Agree To Three-Year Extension

The Giants and Matt Cain have agreed to a three-year contract extension, writes Andrew Baggarly of the Mercury News.  The deal, which will cover Cain through the 2012 season, buys out one year of the hurler's free agency.  On Friday, Henry Schulman of the San Francisco Chronicle speculated (via Twitter) that the Giants could be close to an extension with the 25-year-old.

Baggarly tweets that Cain will still make $4.5MM in 2010, $8MM in 2011, and $15MM in 2012. The new agreement voids Cain's old contract, in which he would have earned $4.25MM in 2010 with a $6.25MM club option for the following year.  The old contract also included escalators based on innings pitched and games started that could have tacked another $1.9MM onto the 2011 option.

The extensions for Jeremy Affeldt and Brian Wilson have also been made official.  Affeldt agreed to a two-year, $9.5MM pact while Wilson will earn $15MM over the next two seasons.

What Would A Matt Cain Extension Cost?

Henry Schulman of the San Francisco Chronicle speculated today, via Twitter, that an extension for Matt Cain might be in the works. Considering that the Giants have yet to officially announce extensions for Jeremy Affeldt and Brian Wilson, Schulman wonders (Twitter link) if a deal for Cain could come "sooner rather than later."

While we wait to see if there's any merit to this speculation, let's examine a pair of comparable contract extensions: Felix Hernandez's $78MM deal with Seattle and Justin Verlander's $80MM pact with the Tigers. Both pitchers, like Cain, were poised to hit free agency after the 2011 season, before their teams locked them up.

Cain's career resume to date is impressive, matching up reasonably well with the Mariners' and Tigers' aces. He has been durable, making at least 31 starts in each of the last four seasons, and his career 1.25 WHIP bests both Felix's (1.27) and Verlander's (1.28). Still, Cain has yet to post a truly elite season like the 2009 campaigns that earned Hernandez and Verlander Cy Young and MVP votes.

The Tigers will pay Verlander $20MM annually in what would have been his first three free agent years, while the Mariners will pay Hernandez $19.3MM per year over the same period. If the Giants were to sign Cain long-term, you'd have to think it could cost them up to $15MM annually for those free agency seasons.

The 25-year-old Cain has a $6.25MM club option for 2011 (his final arbitration season) that should vest if he stays healthy. If the Giants were to extend the right-hander today, they would likely re-do that year, perhaps guaranteeing him $7MM or so. All told, San Francisco could be looking at a price tag in excess of $50MM to retain their #2 starter from 2011 through 2014.

Odds & Ends: Giants, Harper, Heyward, Padres

Some links as the weekend draws closer…

Red Sox Acquire Kevin Frandsen

The Red Sox acquired Kevin Frandsen from the Giants for a player to be named later or cash, according to Andrew Baggarly of the San Jose Mercury News (via Twitter). The 27-year-old infielder has a .240/.304/.341 line in 453 major league plate appearances, all of which have come in a Giants uniform. Frandsen, who has an option remaining, hit .295/.352/.438 in Triple A last year.

He played second and short for the Giants in 2009 and has major league experience at third and at both corner outfield positions. He has played all four infield positions in the minors, so he's clearly versatile. Other than that it's hard to draw conclusions about his defense because of his limited time in the majors.

Earlier in the week, when it became apparent that Frandsen was available, Dave Cameron of U.S.S. Mariner thought he would be a great fit for the Mariners. The acquisition of Frandsen presumably means Boston's search for backup infield help is now less urgent.

Brian Wilson Agrees To Extension With Giants

The San Francisco Giants agreed to sign closer Brian Wilson to a $15MM deal that buys out two arbitration years. Wilson will earn $6.5MM in 2011 and $8.5MM in 2012 under his new extension. The deal does not affect the one-year $4.4MM Wilson and the Giants agreed to for 2010.

CSNBayArea.com first reported the agreement and Andrew Baggarly of the San Jose Mercury News added the contract details. 

Wilson goes to arbitration four times as a Super Two player, so he'll be under team control for one season after the extension expires and projects to hit free agency after 2013. The deal gives the Giants cost-certainty, but they're not saving themselves money; no free agent reliever obtained a guarantee of more than $15MM this offseason.

NL West Notes: Bowker, Giants, D’Backs

Here's some news items from what might be baseball's most competitive division next season….

Odds & Ends: Kim, Dukes, Adrian

Links for Thursday…

Giants Agree To Extension With Jeremy Affeldt

Bob Nightengale of USA Today is reporting that the Giants and reliever Jeremy Affeldt have agreed to a two-year contract extension worth $9.5MM.  Nightengale tweets that the deal should be announced tomorrow.

Affeldt was due to earn $4MM from San Francisco this season, which would have been the final year of the two-year, $8MM pact he signed after the 2008 season.  Under the new contract, Affeldt will make a guaranteed $4.5MM in both 2010 and 2011.  For the 2011 season, the Giants can either pick up an option on Affeldt that would pay the left-hander $5MM for the year, or the club can buy him out for $500K.

The 30-year-old enjoyed the best season of his eight-year career in 2009.  He posted a career-low 1.73 ERA in 74 appearances with San Francisco, and tied Minnesota's Matt Guerrier for the major league lead in holds with 33.

Giants Shopping Frandsen, Lewis

WEDNESDAY, 3:09pm: Schulman tweets that the Giants are "not trying to dump Lewis, but hope to deal him for an experienced backup middle infielder who can play shortstop and second base."  The D'Backs have one such available player in Augie Ojeda, but there's no indication they're looking to add an outfielder.

TUESDAY, 3:22pm: The Giants are shopping infielder Kevin Frandsen, reports Henry Schulman of the San Francisco Chronicle.  Frandsen has a minor league option remaining, but he's slipped on the Giants' depth chart.

Frandsen, 28 in May, hit .295/.352/.438 at Triple A last year while playing all four infield positions.  Three years ago, Baseball America viewed Frandsen as a "solid No. 2 hitter" and potential starting second baseman.  However, he was derailed by a ruptured Achilles tendon in March of '08.  Earlier this month, Schulman wrote about Frandsen's frustrations and his new attitude adopted while playing winter ball.

San Francisco has been unable to drum up interest in Frandsen as well as outfielder Fred Lewis, tweets Schulman.  The 29-year-old Lewis hit .258/.348/.390 with 4 HRs in 336 plate appearances last season.  Recently CSNBayArea.com's Mychael Urban speculated that Lewis was likely to be released towards the end of camp as he is out of options.

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