The San Francisco Giants want to lock up closer Sergio Romo to keep him around for the foreseeable future. I guess they think that the market for relief pitchers north of 30 in a volatile and unpredictable role will be hot enough that they cannot let him hit free agency.
The interest is mutual, as Romo is reportedly also interested in an extension. But as Jon Heyman of CBS notes, the two sides will not open up negotiations during the season:
The sides have agreed for now not to let talks disrupt the season — though the sides are said to be ‘open’ to re-engaging. In the meantime, Romo is setting himself up for a decent-sized payday with a terrific start to his walk year.”
While that makes sense in theory, the relatively chilly closer’s market this past off-season might indicate that a big payday for Romo in free agency would be unlikely.
Teams believe they can find closers on the cheap and they are usually right. If the Giants want to keep Romo around past this season it is certainly understandable, but if they throw down big money to do so they are likely bidding against themselves.