MLB team announcements and contracts

Giants Sign Three-Time Cy Young Winner Justin Verlander to One-Year, $15 Million Deal

Jan 8, 2025, 12:18 AM

Justin Verlander, the three-time Cy Young Award winner and former MVP, has agreed to a one-year, $15 million contract with the San Francisco Giants, pending a physical, according to multiple sources including ESPN's Jeff Passan. Verlander, who turns 42 next month, will enter his 20th MLB season and join his fourth team. Despite coming off his worst season in 2024, marred by injuries and declining production, the veteran right-hander brings significant experience and leadership to the Giants' rotation. This move marks his second departure from the Houston Astros in free agency. With this contract, Verlander's career earnings will surpass $410 million, placing him second all-time in MLB earnings behind Alex Rodriguez. Joining the Giants, Verlander aims to rejuvenate his career in the pitcher-friendly confines of Oracle Park as San Francisco strengthens its roster to compete in the NL West.