Mark Melancon has reportedly agreed to terms with the Giants on a four-year contract
Updated 3:27pm CST – The Giants made it official and announced the four-year contract with RHP Mark Melancon.
According to a report from Buster Olney, the Giants now have a legitimate closer. Mark Melancon has agreed to terms on a four-year contract with the Giants that is pending a physical.
Joel Sherman reported Melancon received a four-year deal in the $62 million range.
Updated 6:53pm CST – Mark Melancon signed a four-year, $62 million contract that includes an opt out after two years and a $20 million signing bonus ($8 million of signing bonus is deferred). Melancon will be paid $4 million in 2017, $10 million in 2018 and $14 million in both 2019 and 2020 if he does not exercise his option and void the last two years. Melancon received a guaranteed $34 million contract over the next two years.
With Aroldis Chapman and Kenley Jansen still available, Melancon has agreed to terms on the biggest contract ever signed by a reliever passing the previous records held by Jonathan Papelbon and Mariano Rivera.
Melancon was 1-1 in 30 games with a 1.82 ERA, 0.80 WHIP and 2.07 WHIP with the Nationals. The Pirates gave Melancon to the Nationals before the deadline after he was 1-1 in 45 games with a 1.51 ERA, 0.96 WHIP and 2.67 FIP.
In 75 games last season between the Pirates and Nationals, Melancon was 2-2 with 47 saves, a 1.64 ERA, 0.89 WHIP and 2.42 FIP.
Mark Melancon dominated during his four years with the Pirates. Melancon was 10-10 with 130 saves, a 1.80 ERA, 0.92 WHIP and 2.27 FIP in 267 games.