San Francisco Giants pitcher Johnny Cueto has chosen not to exercise his right to opt out of his contract, per reports. Cueto just finished the second year of a 6 year, $130 million contract he signed with the Giants as a free agent after the 2015 season, and he had the right under that deal to opt out after the 2017 season and become a free agent.
By choosing not to opt out, he locks himself into the next four years at $21 million per year, with a 2022 team option for $22 million that includes a $5 million buyout.