The Giants and Pablo Sandoval have agreed to a three-year extension, Henry Schulman of the San Francisco Chronicle tweets. The deal is worth $17.15MM plus incentives, Andrew Baggarly of the San Jose Mercury News tweets. Morgan Advisory Group represents the 25-year-old third baseman.

Sandoval, who was arbitration eligible for the first time this offseason, had a projected $3.2MM salary for 2012 and would have been in line for raises in 2013 and 2014 via the arbitration process. The deal doesn't delay his free agency -- he's still on track to hit the open market after the 2014 season.

Sandoval has had two tremendous offensive seasons and one forgettable one since becoming a full-time player in 2009. He posted a .315/.357/.552 line with 23 home runs for the Giants in 2011 and owns a .307/.356/.501 line with 64 home runs in his career. The Venezuela native is easily recognizable because of his stocky physique (he's listed as 5'11" and 240 lbs) and colorful nickname: the Kung Fu Panda.
Finally! The Giants did something this offseason I can't complain about! I like it because they locked him up through his arbitration years meaning they don't have to worry about it and the Giants should save some money in the meantime.

In other news, Lincecum filed for a $21.5MM salary through arbitration and the Giants countered at $17MM, Jon Heyman of CBS Sports tweets. Both figures set new records for players with less than six years of service time. Derek Jeter ($18.5MM) and the Yankees ($14.25MM) had established the previous marks more than a decade ago, in 2001.