MLB Trade Rumors

The Giants already extended one potential free agent by when they inked third baseman Matt Chapman to a six-year, $151MM contract that overrode the remaining two years and $34MM on his previous pact and negated the opt-out clause he was sure to exercise. Now, the recruiting pitch for another likely opt-out candidate is on. Giants righty Logan Webb appeared on Chris Rose’s podcast this week and suggested he’s doing everything he can to convince Blake Snell to re-sign on a longer-term deal and plant roots in the Bay Area (YouTube link, with Snell talk beginning at the 18:15 mark). Asked by Rose how he can help make sure Snell is back with the Giants in 2025, Webb replied:

I’m going to do everything [I can]. I don’t know how that’s all going to work out. I kind of hope they do what they did with Chappy — start conversations now, so we’re not bidding against other teams. I’m sure there’s teams in our division that are going to try hard to get him. Teams need good starting pitching, and he’s been the best in baseball since the beginning of July. It’s been awesome to watch, and he’s one of my favorite teammates. Hopefully we do everything we can to get him back.

He didn’t have a spring training, right? … He was kind of scuffling. I think he was doubting himself a little bit. And then, all of a sudden, look what happens when he gains some confidence. He’s back to Blake Snell. He’s a two-time Cy Young Award winner. Not many guys are two-time Cy Young Award winners, and you can see it when he throws. He’s throwing pellets. It’s unbelievable, as a lefty. I don’t know how anybody hits this. We’ve got to do everything we can to get him back. I do think he should be a big part of our future going forward.

Webb noted to Rose that he doesn’t plan to campaign to the front office in unprompted manner — though public-facing comments of this nature are in a way indirectly doing so — but would offer his opinions and any feedback if asked. It’s clear that Webb, a perennial Cy Young candidate himself, values Snell’s on-field contributions as well as the left-hander’s presence in the clubhouse.

The assertion that Snell has been baseball’s best arm dating back to early July is hard to argue, too. Snell’s no-hitter gained plenty of attention, but as I explored in a piece for Trade Rumors Front Office subscribers a couple weeks ago, Snell has picked up his annual second-half momentum and looks to be back in Cy Young form. He obviously won’t win the award this season after a dismal start to the season that included him twice landing on the injured list, but since returning from his latest IL stint on July 9, Snell has a 1.45 ERA in 68 1/3 innings. He’s punched out a gaudy 36.5% of his opponents, offsetting a higher-than-average 10.5% walk rate, and allowed two or fewer runs in 11 of his 12 starts (the exception being a three-run, six-inning quality start on Aug. 7).

That run of dominance makes Snell’s opt-out an easy call — the alternative would be a $30MM player option for the 2025 season — but it’s not clear whether the front office has engaged with agent Scott Boras (who also reps Chapman). The Giants have been reluctant to make weighty long-term offers to free agent pitchers under the current front office regime. Webb’s five-year, $90MM extension is the largest contract the Giants have given to a pitcher under president of baseball operations Farhan Zaidi in both years and dollars. They haven’t signed a free agent for more than three years (Anthony DeSclafani’s $36MM deal) or for more than a total of $44MM (Carlos Rodon’s two-year deal). Snell should breeze past both marks.

Snell isn’t the only Giant whose future is uncertain, of course. The Giants have a wide slate of potential free agents but also some borderline arbitration calls. Outfielder Mike Yastrzemski spoke with Susan Slusser of the San Francisco Chronicle about his own status. The 34-year-old is owed a raise on his $7.9MM salary this offseason and has turned in a fairly typical season by his standards, slashing .237/.310/.441 with 15 home runs and quality defense in right field.

Yastrzemski has been a fine value at his current salary, but an arb raise could push him north of $10MM. For a player in his mid-30s who’s unlikely to return to his standout 2019-20 form, that could be present a difficult decision as the non-tender deadline approaches in November — particularly since the Giants have a number of younger outfield options. Heliot Ramos has solidified himself in the 2025 outfield, and center fielder Jung Hoo Lee will be back next year after undergoing shoulder surgery that ended his season back in May. Grant McCray, 23, has looked a bit over his head in 85 plate appearances so far (.247 OBP, 41% strikeout rate), but he had a decent showing in Triple-A this year. He and/or Luis Matos could push into the picture next season.

Perhaps there’s a scenario where Yastrzemski is more of a part-time player, but his salary could be steep for that role. He made clear to Slusser he hopes to be back, however, even mentioning a willingness to sign a two-year deal that’d lower his contract’s average annual value. We don’t typically see players heading into their final arbitration season voice willingness to sign for only two years, but Yastrzemski is older than most players with five-plus years of service and also spoke of how he’s “grown so in love with” the organization, the stadium, the clubhouse and the city itself.

Slusser also adds that outfielder Michael Conforto, a free agent at season’s end, is hoping to return to San Francisco. It’s difficult to envision a scenario where both Yastrzemski and Conforto are back next year, however, as the Giants will want to earmark playing time for Ramos and Lee and surely want to leave the door open for at-bats for younger outfielders like McCray and Matos. One of Conforto or Yastrzemski, at most, seems feasible.

The 31-year-old Conforto has never regained his star-level form after undergoing shoulder surgery two years ago, but he’s popped 16 homers for the Giants this season while batting .229/.307/.430. He’s been about 7% better than average after weighting for his home park, by measure of wRC+, but he’s also sitting on the lowest full-season walk rate of his career (9.3%) and his highest strikeout rate (25%) since 2017.

Conforto likely won’t come close to the two-year, $36MM contract he received from the Giants two offseasons ago this time around. Familiarity with the player could prompt some interest in a reunion from the San Francisco front office, but he hasn’t been a handily above-average bat since 2020 at this point. A modest one- or two-year deal could be the outcome this offseason, and a Giants club hoping to establish more of an offensive identity moving forward might prefer to shuffle the lineup rather than largely maintain the status quo.