The shimmy is staying on the mound in San Francisco.

Pitcher Johnny Cueto elected not to opt out of his six-year, $130 million contract after two years, which was his right under the deal. His deadline to opt out and declare himself a free agent was 9 p.m. Saturday.

“Johnny is excited about remaining with the Giants and his goal remains to win a World Series in San Francisco,” Cueto’s agent, Bryce Dixon, said via text.

Cueto’s contract runs through 2021 with a $22 million option for 2022. It was not renegotiated in return for his decision to stay.


Johnny Cueto declines opt-out, will stay with Giants four more years

By Henry Schulman Updated 9:40 pm, Saturday, November 4, 2017

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Johnny Cueto, shown in a June game in Atlanta. Photo: John Bazemore, Associated Press

Photo: John Bazemore, Associated Press
Johnny Cueto, shown in a June game in Atlanta.

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The shimmy is staying on the mound in San Francisco.

Pitcher Johnny Cueto elected not to opt out of his six-year, $130 million contract after two years, which was his right under the deal. His deadline to opt out and declare himself a free agent was 9 p.m. Saturday.

“Johnny is excited about remaining with the Giants and his goal remains to win a World Series in San Francisco,” Cueto’s agent, Bryce Dixon, said via text.

Cueto’s contract runs through 2021 with a $22 million option for 2022. It was not renegotiated in return for his decision to stay.

While the Giants certainly would have enjoyed some financial flexibility had Cueto opted out, perhaps allowing them to pursue a power bat, his departure would have left a huge void near the top of the rotation on a team that continues to believe in pitching and defense first.

Cueto’s contract, which he signed before the 2016 season, paid him $46 million over the first two years with a balance of $84 million over the final four.

The odds of Cueto opting out seemed high after his first season with the Giants, when he was 18-5 with a 2.79 ERA over 2192/3 innings, plus an a dominating eight innings in Game 1 of the Division Series against the Cubs, which he and the Giants lost 1-0.

But the odds shifted during 2017, when Cueto pitched just 1471/3 innings due to recurring blisters and an elbow injury. His ERA shot to 4.52 while he allowed 22 home runs in 25 games.