Giants Extend Madison Bumgarner
The trend of giving out long term deals to premium young players continued today, as the Giants locked up Madison Bumgarner through at least 2017, and the deal gives them team options for both 2018 and 2019. In exchange for long term control over Bumgarner’s future, the Giants guaranteed him $35 million over the next five years, with an additional $5 million possible if it turns out he would have qualified as a Super Two after this season.
As the very useful Transaction Tracker at MLBTradeRumors shows, the five year extension for quality young pitchers has been quite popular in recent years, but in general, teams have waited until they’ve had two years of strong performance before giving them this kind of contract. This deal looks very similar to the ones signed by Jon Niese, Derek Holland, Gio Gonzalez, Trevor Cahill, Yovani Gallardo, and Jon Lester, but in each case, those pitchers had already accrued 2+ years of service time.
Bumgarner’s deal tops Ricky Romero’s as the largest contract ever given to a pitcher with just 1+ year of service time under his belt, and reflects the fact that Bumgarner has been excellent at a young age and that prices for talent in Major League Baseball look to be going up. With the recent extensions signed by Joey Votto, Matt Cain, and Ryan Zimmerman – each of whom got over $100 million in guaranteed money despite not being free agents – teams are beginning to take steps to get cost certainty through the best years of their core players.