The San Francisco Giants have signed pitcher Blake Snell to a two-year, $62 million contract, with an option to opt out after the first year.

The contract includes a $17 million signing bonus, a $15 million salary, and could potentially increase to $92 million if Snell stays for the third year.

As a consequence of the signing, the Giants will lose their third-round pick and $500,000 in international signing bonus allocation.

Blake Snell is rostered in 98.8% of ESPN standard leagues but might not be on the active roster for Opening Day due to the timing of the signing.

The Giants view the acquisition of Snell as a key enhancement to their rotation, despite his past injuries and control issues.

Snell's signing with the Giants affects the NL West dynamic, particularly impacting the San Diego Padres and other teams like the Astros, Angels, and Yankees who were interested in him.

This move boosts the star power in the NL West and poses challenges for rivals, including the Arizona Diamondbacks.