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Giants sign Chapman to one-year, $18 million free-agent-contract

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The worst-kept secret at Giants camp over the first three weeks has been new manager Bob Melvin's desire for a reunion with Matt Chapman.

On Friday, president of baseball operations Farhan Zaidi got Melvin his guy.

The Giants signed third baseman Matt Chapman to a one-year, $18 million contract, the club officially announced Sunday morning after the New York Post's Jon Heyman first reported the deal on Friday.

Chapman's contract initially was reported to be for three years and $54 million with opt-outs after the first two seasons, but the deal will include a $17-million player option for 2025 with a $2 million buyout and an $18 million player option for 2026 with a $1 million buyout.

When camp opened last month, Boras had the top four players left on the free-agent market. He now has found homes for two of them, and the Giants remain engaged on a third, per sources. They remained patient and have stayed in the mix for Chapman and reigning NL Cy Young Award winner Blake Snell in recent days, with Chapman adding another big bat to a new-look lineup.

Chapman joins Jung Hoo Lee and Jorge Soler as notable newcomers, and likely will hit either directly in front of or behind Soler, San Francisco’s new cleanup hitter.

Chapman, 30, is coming off a down year overall, but he hit 27 homers in each of the two previous seasons. He was an All-Star in 2019 when he hit 36 homers for Melvin's Oakland Athletics.

Chapman's .755 OPS last season was the second-lowest of his career, but he still was worth 4.4 Wins Above Replacement, per Baseball Reference. That figure was nearly two wins better than the top Giants position player, and the value came mostly from his all-world defense at third base.

Chapman has four Gold Glove awards in the last six seasons and twice has won the AL Platinum Glove, given to the league's best overall defender. His presence gives the Giants one of the league's best at third and also should benefit another position. Chapman will make life a lot easier for rookie shortstop Marco Luciano.

Chapman's addition leaves the Giants with a surplus at third base, and potentially the chance to make additional big moves. Incumbent J.D. Davis is coming off a solid year and is off to a strong start this spring, and the Giants also have had Casey Schmitt in the hot-corner mix. It's unclear how they'll find playing time for Davis, but Schmitt has been moving around this spring, seeing plenty of reps at shortstop early in camp.

The move also removes another avenue for Wilmer Flores, the best hitter on last year's team, but these are problems Melvin will be eager to tackle. He was there when Chapman arrived in the big leagues in 2017, and now will reunite with his former A's third baseman across the Bay Bridge.

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