Madison Bumgarner says the San Francisco Giants haven't yet begun talks regarding a contract extension.

Bumgarner was reminded by a reporter that the Giants have frequently broken news at the annual Play Ball luncheon held shortly before the season starts.

"If there's something like that with me, it's going to start after today, because there ain't nothin' happened yet," Bumgarner said.

Bumgarner could command close to the $35.5 million that Clayton Kershaw will receive this year. He will earn $11.5 million this season and is guaranteed $12 million next year.