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Giants Take Significant Financial And Draft Pick Risks For 2024

Snell signed a 2-year, $62 million deal with opt-out after 1 year.

The San Francisco Giants have made significant moves in the MLB offseason, securing deals with pitchers Blake Snell and Matt Chapman. Snell agreed to a 2-year contract worth $62 million, with an opt-out clause after the first year, essentially making it a one-year deal. The contract includes a $17 million signing bonus to be paid in January 2026, along with a $30 million player option for 2025.

Chapman's signing as the third baseman came at a cost for the Giants, as they forfeited draft picks and international bonus pool money. The team lost their second-round draft pick and $500,000 in international bonus pool money for Chapman, and will now forfeit their third-round pick and another $500,000 for Snell.

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