The San Francisco Giants got an early start on their planning for 2025 and beyond by agreeing to a long-term contract extension with third baseman Matt Chapman.

Per ESPN's Jeff Passan, Chapman will sign a six-year, $151 million deal with the Giants that will keep him under contract through the 2030 season.

This is a deal that provides security for both sides. The Giants keep one of the best third basemen in Major League Baseball under contract for the remainder of his prime years at a reasonable salary for a player of his caliber.

Chapman secures the long-term deal he has been seeking and avoids going through the uncertainty of free agency for a second consecutive offseason.

Despite being arguably the best position player available last winter—Shohei Ohtani is in his own category—Chapman went unsigned until March. He ultimately landed a three-year, $54 million deal from the Giants that included player options after each of the first two years.

That contract also included a mutual option for 2027 that would have pushed the total value to $73 million over four years.

This new deal guarantees Chapman more than twice as much money as he would have earned had he played out the original contract.

Perhaps due to the extended offseason wait, Chapman got off to a slow start this season. He was hitting .205/.255/.331 in 161 plate appearances through May 10.

In 97 games since May 11, Chapman has a .265/.364/.493 slash line with 18 homers. His defense at third base remains stellar, ranking in the 93rd percentile in outs above average.

Chapman's 4.4 FanGraphs' wins above replacement ranks second among all third baseman, behind only Cleveland Guardians star José Ramírez (5.5).

The Giants still have a lot of work to do in the offseason if they want to build a playoff contender in the NL West. They are on track to finish .500 or worse for the third consecutive season with a 68-72 record entering play on Thursday.

But locking in Chapman now leaves the Giants with one less position they have to worry about as they start planning for free agency this winter.