UPDATE: Cain did indeed settle for Lowry money. I guess he places a large price on security and certainty.
The Giants will announce later today that they have signed Matt Cain to a four-year contract with a fifth-year option.
We don’t know the details quite yet, but MLB.com’s Chris Haft theorizes that the contract will resemble Noah Lowry’s – four years, $9.25MM with a $6.25MM option year. El Lefty Malo, a fine Giants blog, disagrees. They argue that Cain’s contract should be between that of Lowry’s and the projected earnings of Dontrelle Willis, who is not on a long-term deal. Throwing in some inflation, they arrive at a total package of five years and $26MM. We should know soon enough.
In 2006, Cain had five one-hit starts. One of them was a complete game gem. It’s got to be only a matter of time before this guy tosses a no-hitter. That’d be a cool Bill James stat – % likelihood of throwing a no-hitter.
