Giants, Matt Chapman agree to six-year, $151 million contract extension: All-Star third baseman avoids FA

Chapman signed with the Giants on a one-year deal with options last offseason

By Matt Snyder  & Mike Axisa Sep 5, 2024 at 9:16 am ET• 1 min read

The San Francisco Giants have agreed to a six-year, $151 million contract extension with All-Star third baseman Matt Chapman, the club announced shortly after their 6-4 loss to the Arizona Diamondbacks on Wednesday evening.

Chapman, 31, signed a one-year, $18 million deal that included two player options and one mutual option this past spring. This new deal, which kicks in for the 2025 season, overrides those options. Chapman will receive $25 million per season through 2030 along with a $1 million signing bonus, the Giants announced. 

OFFICIAL: The #SFGiants and IF Matt Chapman have agreed to terms on a six-year contract extension pic.twitter.com/1AUUzapfEi

— SFGiants (@SFGiants) September 5, 2024

Through 136 games this season, Chapman has hit .247/.333/.445 (121 OPS+) with 33 doubles, a triple, 22 home runs, 69 RBI, 90 runs, 13 stolen bases and 6.0 WAR, the latter due in large part to his superb defense at third base. He's in the midst of his best all-around season since finishing in the top seven of AL MVP voting in back-to-back seasons with the Oakland Athletics in 2018 and 2019, respectively.

Chapman's extension comes after the third baseman and agent Scott Boras had difficulty drumming up a market last offseason. They originally sought a long-term deal, but had to settle for a one-year contract with player options in early March. The extension was worth the wait though. All told, the Giants will pay Chapman $169 million from 2024-30. He ultimately did receive a lucrative long-term contract, albeit a little later than hoped.