Report: Cy Young Winner Blake Snell Agrees to Two-Year Deal with Giants

Former San Diego Padres ace Blake Snell is signing a two-year contract with the San Francisco Giants, according to MLB Network’s Jon Heyman.

The deal is reportedly worth $62 million with an opt-out clause after this season.

The two-time Cy Young Award winner is coming off a superb season in which he recorded a 2.25 ERA and allowed the fewest hits per nine innings (5.8) but also led the majors with 99 walks. 

As the top free agent pitcher who curiously remained unsigned into spring training, Snell drew rumored interest from several teams including the Houston Astros and Los Angeles Angels. His offseason saga now comes to a close as the 31-year-old inks a short-term deal with the NL West rival-Giants, who have been to the postseason just once in the last seven years.

Snell’s signing comes on the heels of a slew of Giants’ acquisitions this offseason with San Francisco proving to be aggressive spenders ahead of the 2024-25 season. Snell’s former Padres manager, Bob Melvin, also joined San Francisco in October.

Snell went 29–25 with a 3.15 ERA in 83 starts over the course of his three-year stint on the Padres. The Padres acquired Snell via trade with the Tampa Bay Rays in December 2020.