Details Of Snells Two Year Contract With The Giants

Blake Snell Contract Breakdown: Salary, Signing Bonus, and Opt-Out Clause

Details of Snell's Two-Year Contract with the Giants

After a successful season that saw him win the National League (NL) Cy Young Award, Blake Snell has inked a new two-year contract with the San Francisco Giants. The deal includes significant financial incentives and a player opt-out clause.

Financial Breakdown

For the 2024 season, Snell is set to earn $15 million in salary. In addition, he will receive a $17 million signing bonus, payable on January 15, 2026. The following year, Snell's salary will remain at $15 million.

Opt-Out Clause

The contract includes an opt-out clause after the 2024 season, allowing Snell to explore free agency if he so chooses. However, if he decides to stay with the Giants for both years, he is guaranteed a total of $62 million.

Other Contract Details

Snell's contract also includes a $15 million roster bonus due on December 1, 2023. The payment is contingent on Snell being on the Giants' active roster for at least 180 days during the 2024 season.

The signing of Snell is a significant move for the Giants as they look to strengthen their pitching rotation. With his talent and experience, Snell is expected to make a major contribution to the team's success in the upcoming seasons.