By Anthony Franco | March 1, 2024 at 10:55pm CDT

The Giants are in agreement with free agent third baseman Matt Chapman, reports Jon Heyman of the New York Post (X link). It’s a three-year, $54MM guarantee that allows Chapman to opt out after each of the next two seasons. He’ll make $20MM this season, followed by successive $18MM and $16MM salaries.

Chapman heads back to the Bay Area, where he reunites with Giants president of baseball operations Farhan Zaidi and manager Bob Melvin. He’s familiar with both from his early days with the A’s. Chapman was a first-round pick by Oakland in 2014 and debuted three years later. He stepped in as one of the sport’s best all-around players within his first couple seasons.

The Cal State Fullerton product put up a .255/.336/.503 batting line through his first three and a half seasons. He paired that with the best third base defense in the American League. Chapman finished among the top 10 in AL MVP balloting in both 2018 and ’19, securing Gold Glove honors in both years.