San Francisco Giants Lock in Matt Chapman with Six-Year, $151 Million Extension
The San Francisco Giants have made a significant long-term commitment to All-Star third baseman Matt Chapman, securing him with a six-year, $151 million contract extension.
The club announced the deal shortly after a 6-4 loss to the Arizona Diamondbacks on Wednesday evening.
This move ensures that Chapman, one of the premier defensive players in baseball, will remain a cornerstone of the Giants through the 2030 season.
A Deal that Replaces the Old One-Year Contract
Chapman, 31, had initially agreed to a one-year, $20 million contract with the Giants earlier this spring.
That deal included two player options and one mutual option, offering both flexibility and potential longevity.
However, this new six-year deal overrides those options, providing Chapman with stability and a substantial financial boost.
The new agreement includes an annual salary of $25 million per season, plus a $1 million signing bonus.
This extension prevents Chapman from entering free agency this offseason, ensuring that he will be a key part of the Giants’ infield for years to come.
For a team that has faced some challenges this season, locking down Chapman represents a major win as they look to build a competitive future.
A Career Year for Chapman
Through 136 games in the 2024 season, Chapman has been enjoying one of his best seasons since his early years with the Oakland Athletics.
He has posted a .247 batting average, .333 on-base percentage, and .445 slugging percentage, giving him an impressive 121 OPS+ (a metric that adjusts for ballpark effects).
His power numbers have been strong as well, with 33 doubles, a triple, 22 home runs, 69 RBIs, and 90 runs scored.
One of the standout elements of Chapman’s game this season has been his all-around contributions, highlighted by his 6.0 Wins Above Replacement (WAR).
While his offensive numbers are solid, it’s his defense that truly sets him apart. Chapman’s prowess at third base is widely recognized, and his glove work continues to rank among the best in the game.
His exceptional range, quick reactions, and powerful arm have helped him save countless runs for the Giants.
This marks a return to form for Chapman, who previously finished in the top seven of American League MVP voting in both 2018 and 2019 during his tenure with the A’s.
After some ups and downs in recent seasons, Chapman appears to have regained his elite status as one of the league’s premier third basemen.
Giants’ Playoff Hopes Fading, But Future Looks Bright
The Giants, despite being in the midst of a challenging season, are looking ahead to better times with Chapman anchoring their lineup.
Following Wednesday’s loss, the team’s record fell to 68-72, leaving them 8.5 games out of a playoff spot with only 22 games remaining in the regular season. Barring a miraculous turnaround, the Giants are likely to miss the postseason.
However, the Chapman extension signals a clear message from the front office: the team is committed to building a competitive squad for the future.
With Chapman locked in at third base, the Giants can now focus on other areas of improvement as they aim to return to contention in the coming years.
His elite defense, consistent power, and leadership qualities will be invaluable to the team moving forward.
The Importance of Chapman’s Signing for the Giants
For San Francisco, signing Chapman to a long-term deal is a significant achievement. The Giants have long prided themselves on their defense, and Chapman fits perfectly into that philosophy.
His exceptional range, defensive IQ, and arm strength give the team a massive asset on the left side of the infield.
Moreover, his bat continues to deliver middle-of-the-order production, a necessity for a team that has at times struggled to score runs consistently.
This move also ensures the Giants won’t have to worry about Chapman hitting free agency in the upcoming offseason, where he would have been one of the most sought-after players on the market.
By locking him in now, the Giants avoid the uncertainties and competition that would have accompanied his potential free-agent departure.
What’s Next for the Giants?
With Chapman signed for the long haul, the Giants are set at third base for the foreseeable future.
But the team still has significant work to do in other areas if they hope to compete for a playoff spot in the coming seasons.
Reinforcements may be needed in the outfield and on the pitching staff, as well as additional offensive firepower to support Chapman and shortstop Brandon Crawford, who remains a key veteran presence.
Though 2024 hasn’t gone according to plan, the Chapman deal is a signal that the Giants are focused on long-term success.
As they look to bounce back and reshape their roster, having one of the league’s top third basemen locked in will give them a solid foundation on which to build.
Conclusion
Matt Chapman’s six-year, $151 million extension is a major step forward for the Giants as they aim to return to playoff contention.
His strong offensive performance and elite defense at third base make him a valuable asset to the team.
Although the Giants’ current season may be winding down with little hope of a playoff berth, Chapman’s signing offers a bright spot and a reason for optimism moving into the future.
As the Giants look to make strides in the coming years, they can rest assured knowing they have one of the game’s best third basemen leading the way.