SAN FRANCISCO — Right-handed reliever Santiago Casilla completed a $15 million, three-year contract with the World Series champion San Francisco Giants on Tuesday.
The deal includes a club/vesting option for the 2016 season. Casilla passed his physical to finalize his new contract, Giants vice president of baseball operations Bobby Evans said.
The 32-year-old Casilla went 7-6 with a 2.84 ERA and 25 saves last season, initially assuming the closer role after 2010 saves leader Brian Wilson was lost in April to a second Tommy John reconstructive elbow surgery. He made 73 appearances and pitched 63 1-3 innings.
"Glad to know we have Santiago for at least three more years," manager Bruce Bochy said. "He's been an integral part of our bullpen the last three years, so it's great to have him tied up for the next three years."
Casilla is set to earn $4.5 million in 2013 and '14 and $5 million in 2015. He would receive a $1 million buyout if his option doesn't vest. He was eligible for arbitration this winter and could have become a free agent next offseason.