The Giants have announced that they've signed former Pirates closer Mark Melancon, reportedly to a four-year, $62 million contract. The deal is pending a physical. The deal's reported to be worth between $60 and $65 million according to MLB Networks Insider, Ken Rosenthal. Their biggest holes are where they lack star power, in the outfield and at third base, and still the bullpen. With the news that Melancon being taken off the market, that now leaves Kenley Jansen and Aroldis Chapman as the top options.
Melancon's deal breaks the record for most lucrative contract signed by a closer ( Jonathan Papelbon at four-years, $50 million with the Philadelphia Phillies in 2011).
"Some players, that get away, stick in a team's craw", Boswell wrote, after noting that Melancon seemed a more likely target with Chapman and Jansen rumored to be in line for 5-year/$90M-ish deals. The Giants led the league with 30 blown saves and posted a 58.9 percent save conversion rate; only five teams were worse. The righty was spectacular in 2016, posting a combined 1.64 ERA with 47 saves in 75 appearances split between the Pirates and Nationals. The Nats could very well be a team the Giants see in the playoffs, or even the one-game Wild Card.
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The signing of Melancon could mark a concrete step by the Giants towards rebuilding their bullpen from the foundation and up.
It'll be the biggest contract for a closer in Major League Baseball history, but probably not for long - closers Aroldis Chapman and Kenley Jansen are also looking to cash in in free agency.
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Davis said the government would look at the options during the article 50 process over the next two years. He added however: "I see no reason why those payments should be large".
What does this say about Melancon?
Melancon, who turns 32 in March, has been one of the most durable relief pitchers in baseball, averaging 74 games pitched over the last four seasons, putting up a 1.80 ERA and 2.25 FIP during that span (2013-16).
Adding to his soft contact, he led all "Big Three" closers in HR/9 (.30), which is safe to assume will stay at that number if not become lower pitching in spacious AT&T Park.
He values an organization who has already accomplished the goal of winning championships and he wants to be a staple piece that returns the Giants to glory.
Plus, Sergio Romo, Javier Lopez and Santiago Casilla are free agents, so the Giants were left with Hunter Strickland, Derek Law and Will Smith at the back-end.