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Giants officially sign Jung Hoo Lee

The physical has been passed!

Jung Hoo Lee rounding the bases. Photo by Chung Sung-Jun/Getty Images

Anyone with lingering fears from the great Carlos Correa fiasco of 2022 can let out a long and happy exhale. Despite breaking his ankle in 2023, center fielder Jung Hoo Lee will not give us the same trauma. Lee has passed his physical, and the San Francisco Giants have officially signed him and welcomed him to the family, on a contract that makes him the biggest (financially speaking) free agent position player signing in franchise history.

As the Giants graciously always do, the organization revealed the financial details of the six-year, $113 million contract, which is somewhere between a back-loaded deal and a middle-loaded one. Lee will make $7 million in his first year with the team, then $16 million in his second season. That number jumps to $22 million in 2026 and 2027, after which he’ll have the opportunity to opt out of the deal and chase more money, from the Giants or elsewhere. If Lee does not opt out, he’ll make $20.5 million in both 2028 and 2029. In addition to those annual payments, he’s earning a $5 million signing bonus, while the team sends nearly $20 million to his KBO team, the Kiwoom Heroes, as a posting fee.

The Giants also announced that Lee will be making donations to the Giants Community Fund. Those donations will be $60,000 in 2024, $80,000 in 2025, $110,000 in 2026 and 2027, and $102,500 in 2028 and 2029, should he still be under contract. Good Giant.

One last note: there are many different spellings of Lee’s name, and I’ve been writing it as “Jung-hoo Lee.” The Giants have been consistent in their press releases in spelling it “Jung Hoo Lee,” so that’s how I will write it going forward.

Welcome to the Giants, JHL!!!