BREAKING: Giants agree to terms with Johnny Cueto

According to Buster Olney of ESPN, the San Francisco Giants have agreed to terms with free-agent pitcher Johnny Cueto. Jon Heyman of CBS Sports says it is a six-year deal. Alex Pavlovic of CSN Bay Area is reporting there is an opt-out clause after two years, and Jon Morosi of FOX says the contract is worth $130 million.

Cueto, 29, has a 3.30 ERA and 3.82 FIP in 1400 innings pitched with a 22.8 fWAR. After parts of eight seasons with the Cincinnati Reds he was shipped to the Kansas City Royals and helped them win their first World Series in thirty seasons. Cueto pitched a dominant two-hitter in his lone World Series start, but was very up-and-down during his time with the Royals.

The Giants came into the offseason with an obvious need for starting pitchers and they did it, but it cost a high price. They previously inked Jeff Samardzija to a five-year, $90 million deal and now Cueto for six years, $130 million. Earlier this offseason, Cueto turned down a six-year, $126 million offer from the Arizona Diamondbacks, leading many to wonder if he would wind up leaving money on the table.

The starting rotation for the Giants is now: Madison Bumgarner, Cueto, Samardzija, Jake Peavy, Matt Cain, with Chris Heston serving as swing man.

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