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FILE - San Diego Padres starting pitcher Blake Snell works against a San Francisco Giants batter during the second inning of a baseball gam, Sept. 2, 2023, in San Diego. Two-time Cy Young Award winner Snell and the San Francisco Giants have agreed to a $62 million, two-year contract, a person familiar with the negotiations told The Associated Press on Monday, March 18, 2024. (AP Photo/Gregory Bull, File)

Blake Snell and San Francisco Giants agree to $62 million, 2-year contract, AP source says

A person familiar with the negotiations tells The Associated Press that two-time Cy Young Award winner Blake Snell and the San Francisco Giants have agreed to a $62 million, two-year contract

By RONALD BLUM
Published - Mar 18, 2024, 10:40 PM ET
Last Updated - Mar 18, 2024, 10:40 PM EDT

Two-time Cy Young Award winner Blake Snell and the San Francisco Giants have agreed to a $62 million, two-year contract, a person familiar with the negotiations told The Associated Press on Monday night.

The person spoke on condition of anonymity because the agreement was subject to a successful physical. Snell has the right to opt out after this season and become a free agent.

Snell gets a $17 million signing bonus payable on Jan. 15, 2026, and a $15 million salary this year. He would get $30 million if he keeps the contract for 2025.

A 30-year-old left-hander, Snell is 71-55 with a 3.20 ERA in 191 starts over eight major league seasons, winning Cy Youngs in 2018 with Tampa Bay and last year with San Diego.

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