SF Giants news: Logan Webb signed to five-year, $90M contract extension

On Friday morning, the San Francisco Giants announced that staff ace Logan Webb has been locked up to a five-year, $90M contract extension. The deal will pay him $8M in 2024, $12M in 2025, $23M in 2026 and 2027, and $24M in 2028. He had previously been scheduled to hit free agency at the conclusion of the 2025 campaign, so this newe deal will buy out three potential free agent years.

The Giants posted in a follow-up tweet that Webb will donate a portion of his annual salary to the Giants Community Fund.

The 27-year-old righty has been the anchor to the Giants' rotation since he rose to prominence in the 2021 campaign. After two uninspiring stints with the club in 2019 and 2020, he made 27 appearances in 2021 and had a 3.03 ERA, 2.72 FIP and 136 ERA+ in 148+ innings of work.

SF Giants made solid move with Logan Webb extension

Since then, Webb has done nothing but improve on the mound. Last year, he finished 11th in NL Cy Young voting after going 15-9 with a 2.90 ERA and 136 ERA+ in a full season of 32 starts and 192+ innings. Along the way, he struck out 163 batters and allowed only 11 home runs all year, good for a HR/9 of 0.5, which is an elite-level mark.

While 2023 has not gotten off to the best start for the young hurler, he is still striking batters out at an alarmingly high rate and has put up solid numbers beyond surface-level statistics.

This is all without mentioning his ace-like postseason career. He has just two starts under his belt (the 2021 NLDS against the Dodgers), but he showed up in a big way for the Giants. In 14.2 innings of work, he struck out 17 batters while walking just one. He has shown that he has what it takes to perform in high-pressure situations, which is exactly what this team needs more of.

Ultimately, this deal is extremely team-friendly for the Giants. Webb has quietly turned himself into one of the stronger pitchers in the National League and will now have some security when it comes to his future. These past few years could be just the beginning for him.