The recent agreement between Matt Chapman and the San Francisco Giants, which entails a six-year contract worth $151 million, reflects significant developments in Major League Baseball (MLB) player transactions. This contract not only underscores Chapman's value as an elite third baseman but also illustrates the Giants' strategic approach to building a competitive roster. As one of the premier defensive players in the league, Chapman's acquisition is indicative of the Giants' commitment to enhancing their infield stability and overall team performance.
Chapman will get a $1 million signing bonus, payable Jan. 15, and annual salaries of $25 million. The deal assures he will earn $169 million over seven seasons from 2024-30.
He joined the Giants as a free agent in March, agreeing to a contract guaranteeing $54 million over three seasons. That deal gave him the right to opt out after 2024 and 2025. It included a $2 million signing bonus and a $16 million salary for 2024.
A few minutes after the clubhouse closed, the Giants announced that Chapman has agreed toterms on a six-year, $151 million contract extension, a deal that will keep him from opting out this offseason, and likely keep him in San Francisco for the rest of his career.
The 31-year-old is a Scott Boras client, and Boras almost always prefers for his stars to hit the open market. But Chapman presented a unique case. Boras has so many marquee clients this winter -- led by Juan Soto -- that Chapman might have again had to wait for the dust to settle. He wouldn't have even necessarily been the most coveted third baseman on the market; Alex Bregman, another Boras client, will hit free agency too.
There were a lot of reasons for Chapman to be proactive, including this one: He loves playing in San Francisco and has felt rejuvenated here. The Giants feel the same way about the player who has been their leader this season and put up numbers that are more in line with his days as a star across the Bay Bridge.
Now that Chapman is off the market, a free agent class not teeming with high-end offensive options thins out even more. New York Yankees outfielder Juan Soto is the prize of the group, and after Chapman's signing, third base-hungry teams will turn their attention toward another Boras client, Alex Bregman. Teams that could be in the market for a third baseman include Bregman's current team, Houston, as well as the New York Mets (if Pete Alonso leaves and Mark Vientos moves to first), the Yankees, Seattle and Toronto.
Other top free agent bats include Alonso, Milwaukee shortstop Willy Adames, Baltimore outfielder Anthony Santander, Arizona first baseman Christian Walker and Los Angeles Dodgers outfielder Teoscar Hernandez.
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