Latest On Matt Chapman Extension Negotiations

About two weeks ago, in the late hours of September 4 Pacific Time, it was announced that the Giants and third baseman Matt Chapman agreed to a six-year, $151MM extension to keep him from opting out of his contract and returning to free agency. In recent days, a report from Andrew Baggarly of The Athletic characterized the negotiations as unusual, with former player Buster Posey dealing directly with Chapman, working around Giants president of baseball operations Farhan Zaidi and Chapman’s agent Scott Boras. Posey is a minority owner of the club and a part of its board of directors.

This seemed to suggest that the club’s ownership group was losing faith in Zaidi as its top baseball decision maker. Today, a report from John Shea and Susan Slusser of the San Francisco Chronicle frames the negotiations differently. Per the report, which readers are encouraged to check out in full, Zaidi has been in the hospital a couple of times lately with an undisclosed medical issue, conducting business from there, and the involvement from other staff members was fairly normal in the context of his health-related absences. Today’s report from the Chronicle suggests that the previous reporting from The Athletic overstated Posey’s role in the whole affair. Both Boras and Zaidi spoke to the Chronicle and admitted that Posey was involved, which they both welcomed, but they pushed back on the idea that this was some kind of subterfuge operation.

“Any report that suggests that Farhan and I did not negotiate the financial package is inaccurate,” Boras told the Chronicle. “The years and guarantee totals presented to Matt were a product of a two-week negotiation conducted with Farhan and me while he was in and out of the hospital. As with most long-term contracts, once you have agreement on financial terms, there are ancillary contract terms – guarantee language, no-trade provisions, charitable donations, signing bonus and salary payment structure – that are commonly completed by other team officials. Once the ancillary terms were completed, Farhan and I exchanged a letter of agreement Monday afternoon (Sept. 2), and the agreement was concluded.” Zaidi framed things similarly.

Despite the different picture of the negotiations, the report does acknowledge that Zaidi appears to be on the hot seat. Per the Chronicle, the club’s board of directors wants to wait for the final weeks of the season to play out before deciding on Zaidi’s future. If his job security is tied to the Giants’ on-field performance, he may indeed be in trouble. They have gone 5-9 in September, bringing their season-long record down to 73-78. The remaining schedule is fairly strong. They play the Orioles twice more before three games each against the Royals, Diamondbacks and Cardinals.

There has been plenty of smoke around Zaidi and the front office lately, on the heels of a few years of tepid results. The club went 107-55 under his watch in 2021 but that record fell to 81-81 in 2022, then 79-83 last year and might be even lower this year. A week ago, a report from Shea revealed that the contracts of Zaidi and manager Bob Melvin are only guaranteed through 2025 and not 2026, as previously believed. Both contracts have some sort of club option structure for 2026 but nothing is locked in and the details of the options aren’t publicly known. That was followed by the report from The Athletic suggesting that the ownership group grew frustrated by a lack of progress in the Chapman talks and dispatched Posey to take the reins.

Today’s report frames things in a way that’s less detrimental to Zaidi but still doesn’t back away from the notion that he is in trouble. Per Shea and Slusser today, the owners will do whatever they think is best for the team, regardless of Zaidi’s contract situation and are “taking a hard look” at him. Whether all this smoke is indicative of a firing is something that will perhaps be revealed in the coming weeks and months.