Cain and the Giants agreed Monday to a $127.5 million, six-year contract, the largest deal for a right-handed pitcher in baseball history.

It's that time of year again. The baseball season is underway (actually it's been underway). The Giants made some big splashes in the off-season, most notably the above mentioned extension on Matt Cain. I'm not sure if we are in a pitcher salary bubble but $21.25M a year for a guy who never won more than 14 games or struck out more than 186 a year seems a little much. Giants fans should rightfully have Zito nightmares over this signing. At least Zito had a Cy Young under his belt and a season or two of dominance on his resume. Does it make sense for Cain to be paid more than Roy Halladay ($20M a year)? For this contract to make any sense, Cain has to pitch like a #1 and he's had many years to prove he can and just hasn't. Some will argue that he doesn't get much run support and that's a valid point. But does anyone think the Giants are magically going to start bumping up the offense? Angel Pagan and Melky Cabrera won't scare many opposing pitchers.

And let's not forget that Lincecum's contract is up in two years and he'll want more than Cain given his resume. Can you afford to pay him the $25M+ a year he'll most likely want? I'm hoping for the best this year but have more doubts than ever.