Well, so much for being the mystery team.
Whatever slim hopes the Giants had of signing free-agent pitcher Gerrit Cole reportedly evaporated Tuesday night, as he and the Yankees have agreed to a nine-year contract according to MLB Network's Jon Heyman.
With our All Access Daily newsletter, stay in the game with the latest updates on your beloved Bay Area and California sports teams!
SIGN UP HERE New York has long been seen as the favorites to land the highly-sought-after ace, and the reported $324 million given to Cole blows away the record for the largest average annual value of a pitcher's contract in MLB history, previously set Monday when Stephen Strasburg and the Nationals agreed to a seven-year, $245 million contract.
The Giants expected to add at least one starting pitcher at the Winter Meetings, and while that was accomplished by Tuesday's signing of right-hander Kevin Gausman to a one-year contract, it doesn't rule out another.
Clearly, though, it won't be Cole.
[RELATED: How Giants can take advantage of penny-pinching teams]
San Francisco Giants
Find the latest San Francisco Giants news, highlights, analysis and more with NBC Sports Bay Area and California.
Considering the Dodgers were thought to be a legitimate contender for Cole's services, though, this definitely isn't the worst possible outcome for San Francisco.