The Giants and infielder Luis Arraez are in agreement on a one-year contract, according to Jorge Castillo of ESPN. Arraez will earn $12MM and is expected to play second base, according to Daniel Alvarez-Montes of El Extrabase. The deal is pending a physical. Arraez is a client of MVP Sports Group.

Arraez entered the offseason seeking a multi-year deal and was reportedly prioritizing teams that would play him at second base. He now gets his wish, as the Giants will slot him in at the keystone to round out their infield mix. Arraez passed up multi-year offers from other teams in order to play second base, according to multiple reports, including from Bob Nightengale of USA Today. We at MLBTR projected Arraez for a two-year, $24MM contract at the start of the offseason. This deal matches that in terms of annual value and allows Arraez to return to free agency following the 2026 season.

The addition of Arraez brings the Giants’ 2026 payroll to $206MM, according to RosterResource, nearly $30MM above last year’s payroll. Their CBT payroll for 2026 now stands at $232.7MM, which leaves about $11.3MM for future additions before the Giants reach the first luxury tax threshold. Arraez represents the second eight-figure signing this week for the club, after they inked Harrison Bader to a two-year, $20.5MM deal on Monday.

Arraez will add a contact-oriented bat to a power-heavy infield. Matt Chapman and Willy Adames combined for 51 home runs last season. Rafael Devers added 20 homers in his 90 games with the team. Top prospect Bryce Eldridge is waiting in the wings to add another big bat to the mix. Each of those hitters comes with varying degrees of strikeout concerns, and Arraez should help balance out some of the swing-and-miss in the middle of the lineup.

More to come…