Just as the title says, the Giants have locked down Santiago Casilla (formerly Jairo Garcia) for three years, two of those years being his first two years of free agency, pending a physical. There is a vesting fourth year option. After two years of sub-2 ERA and sub-3.20 FIP, Casilla regressed to a 2.84/4.14 ERA/FIP line in 2012. Casilla has been an option in the societally important closer role, especially in 2012 when Brian Wilson went down. Would not be surprised if the Giants want a back-up option to Sergio Romo‘s potential for injury and want someone they can continue to use in high leverage situations.
Meanwhile, this is the greatest article on Santiago Casilla ever from McCovey Chronicles.
Henry Schulman was hearing, and Ken Rosenthal is reporting the deal is for $15MM, and there is a vesting option on the fourth year. If Casilla reaches certain thresholds, the option will be activated, but if he doesn’t, the fourth year becomes a club option. The salary by year:
2016: $1MM buyout
As of right now, I have the Giants payroll for 2013 at $108,199,999.66.