This isn't the most important news in the world, but few things are. Friday morning, word has broken that Freddy Sanchez and the San Francisco Giants have agreed to a one-year contract extension worth $6 million.

In October of 2009, Sanchez signed a two-year contract with the Giants worth $6 million in 2010 and $6 million in 2011. It isn't too difficult to imagine how they arrived at the new contract details. Given inflation, the $6 million Sanchez will make in 2012 will be worth a little less than the $6 million he made in 2010, but then, Sanchez is an aging middle infielder, so the value decline follows the projected performance decline.

The 33-year-old Sanchez has hit .291 for the Giants since coming over from the Pirates in a trade, and he's known for his ability to put the bat on the ball. The second baseman hit second in Bruce Bochy's Opening Day lineup, and for better or worse, he's a classic fit for that spot in the order.

For more on Sanchez and the Giants, check out McCovey Chronicles.