Current:Home > StocksNew Giants manager Bob Melvin gets his man as team strikes deal with third baseman Matt Chapman -MarketLink
New Giants manager Bob Melvin gets his man as team strikes deal with third baseman Matt Chapman
View
Date:2025-04-12 17:47:05
SCOTTSDALE, Ariz. — San Francisco Giants manager Bob Melvin, who has been lobbying for the front office to sign Gold Glove third baseman Matt Chapman all winter, finally got his man late Friday night.
Chapman has agreed to a three-year, $54 million contract, a person with direct knowledge of the contract negotiations told USA TODAY Sports.
The person spoke on the condition of anonymity because they were not authorized to speak publicly since Chapman’s contract won’t become official until he takes a physical.
Chapman, who rejected a contract offer in excess of $100 million from the Toronto Blue Jays before he became a free agent, comes to the Giants on a heavily discounted price with the market drying up on him. The four-time Gold Glove and two-time Platinum Glove winner also rejected the $20.325 million qualifying offer.
Chapman will earn $20 million this season, $18 million in 2025 and $16 million in 2026. He can opt out of the contract after the 2024 and 2025 seasons.
HOT STOVE UPDATES: MLB free agency: Ranking and tracking the top players available.
Chapman’s value on the free agent market took a hit after his offensive struggles after April. He posted a .384 batting average with a 1.152 OPS in April, but wound up hitting just .240 last season with 17 homers and a .659 OPS.
Champan, who spent five seasons with the Oakland A’s after attending Cal State Fullerton, now returns to the Bay Area. He finished in the top 10 in MVP balloting in 2018 and 2019 while playing for Melvin with the A's.
The signing leaves the Giants under the luxury tax at about $231 million, and could signal a move with third baseman J.D. Davis, who’s earning $6.9 million this season.
Follow Bob Nightengale on X @BNightengale
veryGood! (71)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Inside Clean Energy: Clean Energy Wins Big in Covid-19 Legislation
- How Much Did Ancient Land-Clearing Fires in New Zealand Affect the Climate?
- Transcript: Rep. Michael McCaul on Face the Nation, July 16, 2023
- All That You Wanted to Know About She’s All That
- Education was once the No. 1 major for college students. Now it's an afterthought.
- Janet Yellen visits Ukraine and pledges even more U.S. economic aid
- Full transcript of Face the Nation, July 16, 2023
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Country star Jason Aldean cites dehydration and heat exhaustion after rep says heat stroke cut concert short
Ranking
- Could your smelly farts help science?
- Inside Clean Energy: Des Moines Just Set a New Bar for City Clean Energy Goals
- CBOhhhh, that's what they do
- Senators are calling on the Justice Department to look into Ticketmaster's practices
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Titanic Sub Passenger, 19, Was Terrified to Go But Agreed for Father’s Day, Aunt Says
- FDA approves new drug to protect babies from RSV
- Kiss Dry, Chapped Lips Goodbye With This Hydrating Lip Mask That Serayah Swears By
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Get a $64 Lululemon Tank for $19 and More Great Buys Starting at Just $9
Biden’s Pipeline Dilemma: How to Build a Clean Energy Future While Shoring Up the Present’s Carbon-Intensive Infrastructure
The Handmaid’s Tale Star Yvonne Strahovski Is Pregnant, Expecting Baby No. 3 With Husband Tim Lode
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Kate Spade 24-Hour Flash Deal: Get This $250 Crossbody Bag for Just $79
As Big Energy Gains, Can Europe’s Community Renewables Compete?
Tesla has a new master plan. It's not a new car — just big thoughts on planet Earth