Last offseason, the Giants hired Bob Melvin away from the Padres as manager. It was reported at the time that Melvin signed a three-year contract running through 2026. CEO Greg Johnson said at Melvin’s introductory press conference that the team also had an agreement “in principle” to extend baseball operations president Farhan Zaidi through the ’26 campaign (video provided on X by NBC Sports Bay Area).
It seems that’s not entirely accurate. John Shea of the San Francisco Chronicle reports that the guaranteed portions of Melvin’s and Zaidi’s contracts actually run through the end of next season. According to Shea, both contracts have the equivalent of team options covering 2026.
That isn’t necessarily a big deal. If the Giants are satisfied with their leadership group, they can keep Zaidi and Melvin in place for at least another two years as anticipated. Yet it also means that ownership is only committed to next year’s salaries if they decide to make a change before ’26.
There’s no indication that the Giants are considering a shakeup. Just last week, ownership signed off on a six-year, $151MM extension for third baseman Matt Chapman. That’s the largest contract of Zaidi’s tenure. Chapman has longstanding ties to both Zaidi and Melvin dating back to their time with the A’s. That seems to be a vote for organizational stability on ownership’s part.
That said, there could be more pressure on the front office a year from now. This will be the fifth time in Zaidi’s six seasons that the Giants missed the playoffs. The exception was one of the greatest seasons in franchise history, a stunning 107-win campaign to snag the NL West from the Dodgers in 2021. The Giants have been an average team in each of the three seasons since then, never pulling much above or below .500.
A middle-of-the-pack finish is a particularly disappointing outcome this year. The Giants adeptly waited out the free agent market and brought in Blake Snell, Jorge Soler and Chapman late in the offseason. They signed KBO center fielder Jung Hoo Lee to a six-year, $113MM contract — the largest deal of the Zaidi era until Chapman’s extension. The Giants blew past the base luxury tax threshold for the first time since 2017. Hanging with the Dodgers was always going to be a tough ask, but the Giants at least envisioned themselves as Wild Card contenders.
They’ve instead dropped to fourth place in the NL West and are eight games back of a playoff spot. Losing Lee to a season-ending shoulder surgery in May didn’t do them any favors, particularly defensively. A healthy Lee alone would not have bridged an eight-game gap in the standings, though. San Francisco’s hitters rank 18th in on-base percentage and 19th in slugging.
They entered the season with questionable rotation depth behind Snell, Logan Webb and Kyle Harrison. Free agent pickup Jordan Hicks didn’t hold his stuff over his first full season as a starter. Between Hicks tailing off and the reliance on a few young pitchers (e.g. Keaton Winn, Hayden Birdsong, Mason Black), the Giants have gotten the second-fewest innings from their rotation. That has put a lot of stress on a solid but unexceptional bullpen.
Melvin recently addressed the disappointing year in a wide-ranging interview with Andrew Baggarly of the Athletic. The veteran manager and childhood Giants fan called it “probably the hardest year” of his career and discussed some decisions (pinch-hitting matchups, sticking with Camilo Doval as closer until last month) with which he has wrestled. Giants’ fans, in particular, are encouraged to read Melvin’s comments in full.