Giants sign Casilla to three-year contract

Giants sign Casilla to three-year contract
December 17, 2012, 8:15 pm
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SAN FRANCISCO – The Giants locked up an underpublicized but important piece in their bullpen, agreeing to a three-year contract with right-hander Santiago Casilla on Monday.

The deal includes a club option for 2016 with vesting language, meaning that the Giants bought out at least two of Casilla’s free-agent years and control a third. Casilla's contract, which is pending a physical, includes $15 million in guaranteed money. The average annual value is just under $5 million a year since the contract's option has a $1 million buyout if it doesn't vest and the club declines to pick it up.

Casilla, 32, has been an effective part of the Giants bullpen ever since the club signed him as a non-roster free agent prior to the 2010 season. A former A’s prospect once known as Jairo Garcia before his birth records were verified, Casilla turned his career around when he came up with a devastating spike curve that he added as a dependable complement to his mid-90s fastball. He has a 2.22 ERA in 174 games as a Giant and has been part of two World Series championship teams.

Casilla was used as the primary closer in the first half of last season, when the Giants were forced to scramble after Brian Wilson underwent reconstructive elbow surgery in April. Casilla kept the situation from imploding while he converted 19 of his first 20 save opportunities before hitting a wall around the All-Star break.

He rallied in September and while he didn’t regain the closer role, he was unscored upon in 10 of 11 postseason appearances. He was the pitcher of record in the Giants’ title-clinching Game 4 victory at Detroit.

Clearly, the Giants view their bullpen as an important asset. Earlier in the offseason, the Giants re-signed left-hander Jeremy Affeldt to a three-year contract. Sergio Romo, who served ably as the Giants’ closer down the stretch, is in just his second year of arbitration.

As for Wilson, he became a free agent Dec. 1 when the Giants declined to tender him a contract. The Giants remain interested in bringing back Wilson on a lower guaranteed salary than the minimum $6.8 million he would’ve received in arbitration. But he continues to play the field.

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