San Francisco Giants: Matt Cain Contract Extension Is a Terrible Decision

Ryan BothmannSenior Analyst IIApril 2, 2012

PHOENIX, AZ - SEPTEMBER 23:  Starting pitcher Matt Cain #18 of the San Francisco Giants pitches against the Arizona Diamondbacks during the Major League Baseball game at Chase Field on September 23, 2011 in Phoenix, Arizona. The Diamondbacks defeated the Giants 3-1 to clinch the National League West division title.  (Photo by Christian Petersen/Getty Images)
Christian Petersen/Getty Images

Earlier today the San Francisco Giants announced a contract extension with starting pitcher Matt Cain. The deal is worth a reported $127 million and will keep Cain in San Francisco through 2017.

There is no doubt that Main Cain is a very good pitcher, but does that mean you make him the highest-paid right-handed pitcher in baseball.

Absolutely not!

The Giants made a terrible decision by signing Cain to this massive deal.

Last year, Matt Cain went 12-11, had a 2.88 ERA, a 1.08 WHIP and 179 strikeouts. Sure, these numbers make him one of the top ten pitchers in the game right now, but they should not earn him such a massive contract.

The major thing that concerns me is Cain's record. Now, before everyone goes crazy and says that it is not Cain's fault that he has a 12-11 record, I understand. The Giants are plagued by terrible offensive production and it is almost impossible for a pitcher to win games with the amount of runs that the Giants fail to put on the scoreboard.

That is why this is a bad deal. If you can not score enough runs for your pitcher to win the game for you, why would you not go out and try to sign more offense. Instead of paying your pitcher more money to go out and pitch awesome and then get saddled with the loss, go out and get some offensive firepower with that money so that you can score more runs and win more games.

The other thing that should concern Giants' fans about this deal is Cain's lifetime statistics. Out of his six full seasons in the major leagues, Cain has only posted two years where his ERA was under three. While there is nothing awful about having an ERA above three, the highest-paid right-handed pitcher in baseball should not have a lifetime ERA of 3.35.

I understand that San Francisco wants to keep Cain in a Giants jersey, but I just think they gave him way too much money for a career that has not been one of the best in baseball.

I think down the road the Giants organization and the fans will regret that so much money was given to Matt Cain.