Giants keep Cain with $112.5 million extension

The San Francisco Giants, whose prized rotation helped them win the 2010 World Series, moved to keep starter Matt Cain in the fold by reaching an agreement with the right-hander on a five-year extension, the Major League Baseball (MLB) team said on Monday.

The contract, which will keep the 27-year-old with the Giants through 2017, is believed to be worth $112.5 million, according to a report on MLB's website.

Cain, a two-time All-Star and the longest-tenured Giant, was 12-11 last season with a 2.88 earned run average and has made at least 30 starts in each of the last six seasons.

"Ensuring that Matt remained a Giant beyond this season was a top priority for the organization," general manager Brian Sabean said in a statement.

"Matt is an integral part of the team whose performance on the mound will be one of the keys to our success for years to come."

(Reporting By Larry Fine in New York; Editing by Steve Keating)