Barry Zito is staying in the Bay Area with the San Francisco Giants.
Sources told ESPN's Peter Gammons that the former Oakland A's pitcher has agreed to a seven-year, $126 million contract with the Giants.
The deal includes an $18 million option for 2014 and a complete no-trade clause, a source told ESPN.com's Jerry Crasnick.
Rob Neyer's take:
The only thing this deal does is make the Giants look ridiculous. Granted, Zito's ERA will get a boost from the National League and the Giants' home ballpark. And this one isn't as dumb as the Mike Hampton deal with the Rockies. But based on the facts at hand, this looks to me like one of the dumber free-agent signings ever. Zito just isn't very good. And if he's worth $18 million per season, Santana's worth $25 million.