San Francisco Giants Sign Madison Bumgarner to 5-Year Extension

Michael NargiSenior Analyst IApril 16, 2012

Bumgarner has 35 million reasons to smile.
Bumgarner has 35 million reasons to smile.Justin Edmonds/Getty Images

On Monday the San Francisco Giants locked up one of the best young arms in the game for the next five years.

According to John Shea of the San Francisco Chronicle, the Giants signed 22-year-old Madison Bumgarner to a five-year extension with a club/vesting option in 2018 and club option in 2019.

The deal is for a guaranteed $35 million over the five years, but could jump to $40 million if Bumgarner qualifies as Super-Two arbitration eligible after the current season. Shea also reports that "A recent estimate suggested he might miss it by a week."

Last year, the lefty pitched to a 3.21 ERA in 204.2 innings while striking out 191 and walking only 46.

The Giants did not want to waste any time in getting this deal done to assure that the young pitcher stays in San Francisco for a long time. 

Giants General Manger Brian Sabean commented on the deal, 

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

Bumgarner has a 3.97 ERA in 11.1 innings this season while striking out five and walking four. He will look to repay the Giants on Tuesday night when he pitches in his third start of the season against the Philadelphia Phillies.

San Francisco relies heavily on their pitchers every year to contend in the National League. The contract extension gives them piece of mind that they will have another ace for years to come.