2-time Cy Young Award winner Snell finalizes $62M, 2-year contract with Giants

SCOTTSDALE, Ariz. – The San Francisco Giants and left-hander Blake Snell have finalized their $62 million, twoyear contract ahead of the two-time Cy Young Award winner being introduced at a news conference on Wednesday.

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, of which $15 million would be deferred and payable on July 1, 2027.

The 30-year-old 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.

Snell completed the deal Tuesday, nine days before the opener at the Padres, setting up the possibility of Snell making his Giants debut against his former club. He joins a rotation that includes right-handers Logan Webb and Jordan Hicks and left-hander Kyle Harrison.

Right-hander Alex Cobb is working his way back from left hip surgery on Oct. 31.

The addition of Snell is another big move for a San Francisco team that gave South Korean outfielder Jung Hoo Lee a $113 million, six-year contract, signed Hicks to a $44 million, four-year deal and outfielder Jorge Soler to a $42 million, three-year contract, and then gave third baseman Matt Chapman a $54 million, three-year deal.