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Third baseman Matt Chapman and the San Francisco Giants agreed to a six-year, $151 million contract extension late Wednesday, keeping the veteran from opting out of his current deal to reach free agency.

The deal, which starts in 2025 and replaces the last two years of a three-year, $54 million contract he signed earlier this year, includes no deferred money and a full no-trade clause, sources told ESPN. The deal will expire in 2030, when Chapman will be 37.

Chapman, 31, has been one of the most productive players in baseball this season, combining a powerful bat with the best third-base defense in the major leagues. And less than a year after his market in free agency cratered, Chapman parlayed his strong season into a significant payday — and guaranteed himself more than $170 million between this season and the end of the extension.

It’s a stunning turnabout from the winter, when Chapman’s free agency dragged and landed him in San Francisco. All three years of his contract included opt-outs at the end, and Chapman went into spring training saying he wanted to bet on himself rather than take a lesser long-term deal.

The bet paid off. With a .247/.333/.445 line, Chapman has an adjust OPS 21% better than league average. His 22 home runs and 56 extra-base hits lead the Giants. And his glove, golden four times already, could be platinum-worthy this season.

All of it put him near the top of wins above replacement leaderboards throughout the game. His 6.0 Baseball-Reference WAR are the ninth most in baseball. At FanGraphs, it’s 4.5 WAR, 13th among position players. It’s reminiscent of the seasons that gave Chapman his first two Gold Gloves and his only All-Star appearance.

When he arrived in Oakland in 2017, Chapman had showcased power in the minor leagues that later would put him among the game’s exit-velocity giants. Chapman’s ability to hit the ball extremely hard — he’s 98th percentile in bat speed and 96th in average exit velocity — has persisted, and it gave the Giants the sort of confidence to pay him late into his 30s.

It was also a deal of necessity. At 68-72, the Giants are again one of baseball’s most disappointing teams. San Francisco has settled around .500 each of the past three seasons after a 107-win campaign in 2021, and it has left fans disenchanted and loud about potential changes inside the organization.

With president of baseball operations Farhan Zaidi negotiating the contract with Chapman’s agent, Scott Boras, he doubled down on one of the successes of his winter. Another, left-hander Blake Snell, is likewise a Boras client expected to opt out of his deal and sign for a significantly larger number than the $60 million San Francisco guaranteed him for two years over the winter.

Chapman had expressed interest in remaining with the Giants, and discussions on an extension — a rarity for a Boras client primed to enter free agency — took place in recent weeks. Chapman joins a core that now includes right-hander Logan Webb (signed through 2028), center fielder Jung Hoo Lee (2029) and a cadre of young players who have shown flashes of excellence at points throughout the season: center fielder Heliot Ramos, catcher Patrick Bailey, shortstop Tyler Fitzgerald and left-hander Kyle Harrison.

Now that Chapman is off the market, a free agent class not teeming with high-end offensive options thins out even more. New York Yankees outfielder Juan Soto is the prize of the group, and after Chapman’s signing, third base-hungry teams will turn their attention toward another Boras client, Alex Bregman. Teams that could be in the market for a third baseman include Bregman’s current team, Houston, as well as the New York Mets (if Pete Alonso leaves and Mark Vientos moves to first), the Yankees, Seattle and Toronto.

Other top free agent bats include Alonso, Milwaukee shortstop Willy Adames, Baltimore outfielder Anthony Santander, Arizona first baseman Christian Walker and Los Angeles Dodgers outfielder Teoscar Hernandez.

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Fantasy baseball: What to expect from Red Sox prospect Marcelo Mayer

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Fantasy baseball: What to expect from Red Sox prospect Marcelo Mayer

Boston Red Sox SS prospect Marcelo Mayer is getting the call to the major leagues, as starting 3B Alex Bregman (calf) is headed to the injured list. Fantasy managers should not expect Mayer, 22, to replace Bregman’s excellent numbers (.938 OPS), but he should see opportunity for playing time over the likes of Nick Sogard and Abraham Toro. Mayer is an excellent defensive shortstop, but he has played second base and third base at Triple-A Worcester as well this season.

Ranked No. 6 in Kiley McDaniels’ recently updated top 50 prospect rankings, Mayer hit .265/.342/.465 over 43 games and 193 plate appearances at Triple-A, with 9 home runs, 43 RBI and 2 stolen bases. The No. 4 pick in the 2021 amateur draft, Mayer hits left-handed, makes solid contact and drew a 10.4% walk rate this season. There is power upside, but as with most prospects, fantasy managers should keep initial expectations well in check.

Everyone loves the prospects until they reach the majors and alter their narrative (as most do). Chicago Cubs rookie IF Matt Shaw struggled earlier this season and was sent back to Triple-A, though he has returned to the majors. Arizona Diamondbacks SS Jordan Lawlar remains hitless in the majors this season. New Red Sox teammate Kristian Campbell is hitting .225 with a 27% strikeout rate. Hitting big league pitching can be problematic even for long-time veterans. In ESPN’s shallow standard leagues, with no middle infield spot and only nine active hitting spots, it is tough to make an argument to rush out and add Mayer. At the time of the promotion announcement, he was available in 94% of ESPN standard leagues.

Those needing to replace Bregman at third base should look at the Texas RangersJosh Jung and Jake Burger, and the Philadelphia PhilliesAlec Bohm, proven players with job security. For those looking at adding Mayer as their shortstop, Angels star Zach Neto somehow remains available in 71% of leagues, and he certainly comes recommended over Mayer, as does Colorado Rockies starter Ezequiel Tovar. Mayer will likely hit near the bottom of the Boston lineup. If he hits well, he might move up, and he might keep his roster spot even when Bregman returns to health.

It is exciting when one of the top prospects in the sport earns a promotion, but hitting a baseball against top pitching can be challenging for all. Those in deeper formats can make a better case to add Mayer and hope for the best.

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Sources: Red Sox call up heralded prospect Mayer

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Sources: Red Sox call up heralded prospect Mayer

The Boston Red Sox are calling up infielder Marcelo Mayer, the No. 6 prospect in baseball and a central part of their future who they hope can play a role in their push for a postseason berth this year, sources told ESPN.

Mayer, 22, who has excelled at shortstop as he ascended through the Red Sox’s farm system after they took him with the fourth overall pick in the 2021 draft, is likely to get playing time with All-Star third baseman Alex Bregman expected to land on the injured list after leaving Friday’s game with right quadriceps tightness.

At Triple-A Worcester, where Mayer was hitting .271/.347/.471 with nine home runs and 43 RBIs in 43 games, he played four games at third base. Mayer also could see time at shortstop, with Trevor Story in a profound monthlong slump.

The arrival of Mayer marks the second of Boston’s big three prospects, with Kristian Campbell earning the second-base job in spring training. After a hot start, Campbell has slumped likewise and is hitting .225/.321/.369. The third of the group, outfielder Roman Anthony, is the No. 1 prospect in MLB, according to ESPN’s Kiley McDaniel, and is hitting .323/.455/.513 with six home runs and 18 RBIs at Triple-A.

The loss of Bregman, who is hitting .299/.385/.553 in his first year with the Red Sox, takes an MVP-caliber bat out of a lineup that has struggled. The Red Sox lost first baseman Triston Casas for the season to a ruptured tendon in his left knee and have struggled to find a productive fill-in, amplifying calls for the team to reach into its significant minor league depth.

Boston has taken Mayer’s development slowly, with injuries limiting him to 91 games in 2022, 78 games in 2023 and 77 games last year. He is a career .273/.360/.466 hitter in 315 minor league games and projects to be a middle-of-the-order bat and Boston’s long-term solution at shortstop.

Bregman’s contract includes an opt-out after the 2025 season, opening the possibility of a shift to third for Mayer. At 6-foor-3 and 190 pounds, he has both the size and the arm strength typically sought for the position. But his glove at shortstop is regarded as above average, and Boston could opt to move Story off the position for Mayer or Ceddanne Rafaela, who also plays center field for the Red Sox.

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Cora: Bregman moving closer to possible IL stint

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Cora: Bregman moving closer to possible IL stint

BOSTON — Red Sox third baseman Alex Bregman could be nearing a trip to the injured list after leaving Friday’s game with right quadriceps tightness, manager Alex Cora said.

“He’s getting an MRI. He’s sore,” Cora said at Fenway Park on Saturday morning before the Red Sox were set to face the Baltimore Orioles in the first game of a split doubleheader.

“We’ll see where he’s at,” Cora said before later adding that Bregman said it felt “worse” than he expected.

Asked whether a stint on the IL could be coming, Cora said: “I don’t want to jump into conclusions, but yes.”

If Bregman does need to go to the IL, who will play third?

Cora said the plan is for the team to “mix and match” and answered “no” when asked whether Rafael Devers could be in the immediate plans.

“There’s a lot of guys in the conversation,” Cora said. “Roster construction comes into play, guys in the minor leagues, how they fit the roster — all that stuff.”

Could Devers be in the mix at some point?

“We made a decision in the offseason, and this is where we’re going,” Cora said, without completely closing the door. “There are a few things that we took into consideration, and I think we’ve been very consistent with it.

“I’m not going react to the outside world because [they] think that’s the right move. Maybe it’s not, right? Maybe we’re doing it right? Maybe we’re doing it wrong?”

Earlier this month, Devers told the Red Sox he wasn’t moving to play first base. The designated hitter has been red-hot lately after collecting a career-best eight RBIs in a lopsided victory over the Orioles on Friday afternoon.

“I know the guy. He’s raking. He’s the best DH in the American League right now,” Cora said. “If he keeps continuing to do this, he’s going to be in the All-Star Game as the DH and going to win a Silver Slugger as a DH. This is where we’re going. We’ll continue to talk. I’m not going to say we’re going to close the door.”

Boston already lost a corner infielder for the season when first baseman Triston Casas ruptured a tendon in his left knee and had season-ending surgery. The loss of Bregman could be a big blow to a lineup that has struggled at times.

“We’ll be OK. Obviously, he’s a big part of our offense,” Cora said. “Triston is a big part of our offense. We’ve just got to find a way to score runs in a different way, and we’re prepared for that.”

Devers, the team’s third baseman for eight seasons, was moved to DH after Bregman signed a three-year, $120 million deal as a free agent and was given the job. After a slow start at the plate, Devers has heated up and is batting .299 with 12 homers and 47 RBIs.

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