Giants and Pablo Sandoval agree to a three-year, $17.15 million contract

That can buy 1,715,000 Kung Fu Panda dolls

While the Giants have some work to do in order to keep Tim Lincecum and Matt Cain for the long haul, they have at least locked up a key position player through his arbitration seasons.

The Giants just announced that they have agreed to a three-year contract with third baseman Pablo Sandoval. Andrew Baggarly of the San Jose Mercury News reports that the deal is worth $17.15 million guaranteed and includes some performance-based incentives. He’ll make $3.2 million this season, $5.7 million in 2013 and $8.25 million in 2014.

Sandoval was arbitration-eligible for the first time this winter after batting .315/.357/.552 with 23 home runs, 70 RBI and a .909 OPS over 117 games in 2011. The 25-year-old owns a .307/.356/.501 batting line over his first four seasons in the majors. If he can stay in shape and continue to produce similar numbers, he’ll be a tremendous bargain.