Watch: Caballero saves three PKs, Man City wins League Cup in shootout

Manchester City have captured the first trophy of 2016, winning this season's League Cup in a penalty shootout on Sunday after goalkeeper Willy Caballero saved

Manchester City have captured the first trophy of 2016, winning this season's League Cup in a penalty shootout on Sunday after goalkeeper Willy Caballero saved three spot kicks.

Yaya Touré buried the winning penalty to end a thrilling cup final that featured an array of top saves from both goalkeepers, as well as one notable error. 

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Liverpool goalkeeper Simon Mignolet's only big mistake of the game was a costly one, as he allowed Fernandinho's shot from a narrow angle to roll beneath him and into the goal, giving Manchester City a 1-0 lead in the 49th minute. 

City had several chances to double its lead, but its forwards, Raheem Sterling in particular, continually botched chances. City was also denied a penalty kick when Alberto Moreno clumsily took down Sergio Agüero in the box:  

.@aguerosergiokun taken down in area but referee doesn't give penalty. @LFC hanging by a thread. #CapitalOneCupFinal https://t.co/Zm4Qyl7aPw

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

Eventually, Philippe Coutinho equalized for Liverpool after pouncing on the rebound when Adam Lallana's close-range effort hit the post: 

GOOOOOAL! @LFC are back in it, they're level! What DRAMA. @Phil_Coutinho slams home. 1-1. #CapitalOneCupFinal https://t.co/6aLqpG7dD6

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

With neither side able to score in extra time, the cup came down to penalty kicks, and Caballero became Manchester City's hero. The Argentinian goalkeeper is usually Joe Hart's backup, but kept his place in the team after starting all of City's previous cup games. He rewarded outgoing manager Manuel Pellegrini's loyalty with a string of three saves. 

The first came against Lucas, with Liverpool leading the shootout 1-0: 

SAVED! Lucas misses for @LFC. #CapitalOneCupFinal https://t.co/ZCXUqHrQ30

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

The next came one kick later against Coutinho, after Man City had evened the shootout at 1-1: 

SAVED! Coutinho misses as he hesitates. #CapitalOneCupFinal https://t.co/1R1BRbhOvl

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

Then, the most impressive of the bunch. After Agüero put City ahead 2-1 in the shootout, Caballero completed his trio of consecutive PK saves by getting down low and to his right to slap away Lallana's effort: 

SAVED! Lallana. CABALLERO saves the day AGAIN! #CapitalOneCupFinal https://t.co/kz4K0ZPcrx

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

All Yaya Touré needed to do was score to give Man City the cup, and he did so: 

GOOOOOOAAAAL!!! @MCFC WIN THE CAPITAL ONE CUP! #CapitalOneCupFinal https://t.co/IHeZvyQ8b9

— beIN SPORTS USA (@beINSPORTSUSA) February 28, 2016

With the win, Manchester City have won two of the last three League Cups and will send Pellegrini out with a trophy to his name before Pep Guardiola takes charge of the club next summer.