The Giants continued the process of locking up their young players to long-term deals Monday by signing Madison Bumgarner to a $35.5 million, five-year extension that will keep him with the team through at least 2017.
The left-hander is now secured through his arbitration years and into at least his first year of free agency, with club options extending two years beyond that.
The deal comes on the heels of an extension for fellow starter Matt Cain, who signed a five-year deal of his own April 3.
“It makes me very comfortable knowing that we have our guys tied up,” manager Bruce Bochy said. “It’s a great strategy on the part of the Giants. If you look at this division, it’s pitching-rich, and that’s kind of the way we’ve gone is pitching and defense, and that’s how we won in 2010.”
The 22-year-old Bumgarner said Cain has been a mentor to him since his arrival in the major leagues, and that playing with him and Tim Lincecum for the foreseeable future is something to look forward to.
The Philadelphia Phillies, in town to play the Giants this week, are considered by some to be ahead of the Giants as the best pitching staff in the majors, and Bumgarner said the Giants’ core can rival the Phillies in the long run.
“Just look at the numbers,” he said. “We’ve got a pretty good rotation right now ourselves. They obviously have a good one and one of the best, but who knows how good we can be in a few years. I think we can be just as good if not better.”
Bumgarner’s deal includes a no-trade clause that allows him to name eight teams that he cannot be traded to. He also receives a pay bump depending on performance. He made his first major-league appearance in 2009 and has a career 21-20 record with a 3.12 ERA. He was drafted by the Giants in the first round (10th overall) in 2007.