Ex-Blue Jay Matt Chapman reportedly signs 3-year deal to join San ...

Matt Chapman is leaving the hot corner in Toronto for greener pastures in San Francisco.

The former Blue Jays third baseman agreed to a three-year, $54 million US deal with the Giants, according to Jon Heyman of MLB Network.

Heyman added Chapman would be paid $20 million in 2024, $18 million in 2025 and $16 million in 2026 if options in the contract are not declined.

Chapman's deal is similar to the three-year, $80-million agreement between the Chicago Cubs and outfielder Cody Bellinger, who can earn $30 million this year, $30 million in 2025 and $20 million in 2026. The former National League MVP also can opt out after each season.

Both deals were negotiated by agent Scott Boras, who also has pitchers Blake Snell and Jordan Montgomery along with designated hitter J.D. Martinez still remaining on the market.

The 30-year-old Chapman turned down a $20,325,000 qualifying offer from the Blue Jays on Nov. 14. Because he turned down the qualifying offer, the Giants will lose their second-round draft pick and give up $500,000 from their international signing bonus pool. Toronto will get an extra draft selection after the fourth round.

Chapman was named the Gold Glove winner for a fourth time in 2023 when the Jays advanced to the wild-card playoff round for the second consecutive season.

Chapman got off to a huge start, hitting .384 with a 1.152 on-base-plus slugging percentage and 21 runs batted in through the end of April, but he slumped most of the rest of the way, tailing off to .205 with five homers, 15 RBI and a .663 OPS in the second half.

Jays to receive 2024 pick after 4th round

Chapman finished the campaign with 17 home runs and 54 RBI in 140 games and was named the American League's player of the month in April.

Since Chapman declined the Blue Jays' qualifying offer, Toronto will receive a draft pick after the completion of the fourth round of the 2024 MLB draft.

The Blue Jays originally acquired Chapman in a deal with the Oakland Athletics in March 2022.

Chapman is familiar with the Giants new manager Bob Melvin, having played for him during his five-year tenure with the A's.

The right-handed hitter set career highs with 36 homers and 91 RBI for Oakland in 2019, when he made his only all-star team and finished sixth in AL MVP voting.

His OPS dipped to .716 with 202 strikeouts in 2021 before a rebuilding Oakland team traded him to Toronto for a package of four players.

Chapman is a .240 career hitter with 155 homers and a .790 OPS in seven major league seasons. He was seventh in AL MVP balloting in 2018.

Chapman was selected 25th overall by the Athletics in the 2014 amateur draft out of Cal State Fullerton. He played the past two seasons under a two-year, $25-million contract, making a $12.5 million salary each season.

J.D. Davis is the incumbent at third base with the Giants, and he also can play first base and left field. Chapman batted .307 with an .890 OPS against left-handed pitchers last year while Davis hit .247 with a .728 OPS against lefties.

Chapman will become the fourth free agent addition for the Giants after outfielder Jorge Soler reached a three-year pact worth $43 million, reliever and ex-Blue Jay Jordan Hicks agreed to a four-year, $44-million contract and catcher Tom Murphy struck an two-year agreement worth $8.25 million.