San Francisco Giants agree to five-year deal with Madison Bumgarner

The San Francisco Giants are blogger’s dream. They never leave you short on things to blog about. Let’s see what we’ve had in the last couple of weeks.

  • Matt Cain signed a monster deal.
  • Buster Posey got the shingles.
  • Tim Lincecum cut his hair.
  • Brian Wilson blew out his elbow.

There’s barely enough time to blog about the games. In the midst of trying to get caught up came another bombshell on Monday.

The Giants agreed to a five-year, $35 million deal with 22-year-old Madison Bumgarner.

With Bumgarner have less than two years of MLB experience, we just didn’t think this deal would be anywhere in the works. We weren’t even thinking about it.

But the Giants were, and good for them.

But it’s a good deal for MadBum and Giants.

Bumgarner was set to make $575,000 this season. Now he’ll average $7 million a season in 2013, 2014, 2015, 2016 and 2017. There are vesting club options in 2018 and 2019, but the terms were not available.

There was a chance that MadBum could have been eligible for arbitration after this season as a Super-2 player, if he had been in the top 17 percent of his service class. Bumgarner was considered to be on the line on whether he would or would not be a Super-2 player.

If he were a Super-2 player, the Giants would have four years of arbitration with Bumgarner before the 2013, 2014, 2015 and 2016 seasons. Bumgarner would have been eligilbe for free agency in 2017.

Now, the Giants don’t have to worry about any of that.

“Preserving our core pitching for the long term remains a top priority for the Giants and today’s extension certainly helps further that goal,” general manager Brian Sabean said. “Madison has already proven that he is one of the best left-handed pitcher in the game today and we are confident that he will continue to succeed for many years to come.”

For those who think this is too much, too soon for MadBum, consider this:

  • This deal is $1 million less than what the Giants paid Aaron Rowand in 2010, 2011 and 2012 combined.
  • It is $3 million less than what they’ll pay Barry Zito this season and next season, and that’s not including the $7 million buyout in 2014.

If Bumgarner is not Super-2 eligible at the end of the season, the deal is a score for him. He’ll go from making about $700,000 in 2013 to $7 million.

If he is a Super-2, he could have easily been looking at making $5 million in 2013, so the deal is good for the Giants, even when making a Super-2 will give MadBum an additional $5 million for the length of the deal (or $8 million average).

Some may say this deal signals a direction for the Giants away from signing Tim Lincecum to a long-term deal in the next year or two.

We say “nonsense.”

What this deal does is give the Giants some salary certainty that gives them the ability to budget a long-term deal for Lincecum.

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