Giants Sign Veteran 3B Matt Chapman on a 3-Year, $54 Million Contract

Matt Chapman with the Toronto Blue Jays in September 2023
Matt Chapman with the Toronto Blue Jays in September 2023. Photo by Canadian Press/Shutterstock (14105904k)

The San Francisco Giants continued their active offseason by signing veteran third-baseman Matt Chapman. According to ESPN’s Jeff Passan, Chapman agreed to a three-year, $54 million contract.

As part of the agreement, Chapman receives opt-outs after each of the first two years of his deal. He will earn $20 million in 2024 and then, if he doesn’t opt out, $18 million in 2025 and $16 million in 2026.

The deal is considered beneficial for both sides. The Giants get one of the best remaining free agents on the market and a player that will significantly elevate a team attempting to bounce back after a disappointing 2023 campaign. Chapman, on the other hand, gets financial security while having an opportunity to test the free agency again in case of a big season.

Matt Chapman spent the last three seasons with the Toronto Blue Jays. He batted .240 with 17 home runs and 54 RBIs in 150 games in 2023. He remained an elite infield defensive presence, winning his fourth Gold Glove Award. The Blue Jays reportedly had an interest in keeping Chapman, offering him a deal worth more than $100 million, but he ended up turning down that offer.

Chapman made his MLB debut with the Oakland Athletics in 2017 and spent five years with the organization before being traded to Toronto. Chapman is a .240 career hitter and has 155 homers and 426 RBIs in the majors. He was an All-Star in 2019.

Jasmin can write about almost everything expect about himself. All you need to know is that he likes music, Nutella stuffed pancakes and sleeping till noon on Sundays.