Snell lands two-year, $62M deal with San Francisco

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 in January 2026 and a $15 million salary. 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.