SAN FRANCISCO >> Left-hander Blake Snell has exercised his right to opt out of his contract with the San Francisco Giants to become a free agent for the second straight offseason.

The two-time Cy Young Award winner agreed in March to a $62 million, two-year contract that included a $17 million signing bonus payable on Jan. 15, 2026, a $15 million salary for 2024 and a $30 million salary for 2025, of which $15 million would have been deferred and payable on July 1, 2027.

Snell, 31, was 5-3 with a 3.12 ERA in 20 starts, throwing a no-hitter at Cincinnati on Aug. 2 for one of only 16 individual shutouts in the major leagues this season. He struck out 145 and walked 44 in 104 innings.

Because Snell turned down a qualifying offer from San Diego last November, San Francisco is not eligible to make him a qualifying offer this offseason and won’t receive draft-pick compensation if he signs with another team.

Dodgers celebrate World Series victory with parade >> The Los Angeles Dodgers, including Shohei Ohtani and his dog, celebrated their eighth World Series championship with a downtown parade.

Seven double-decker buses filled with players, their families and the coaching staff rolled through streets packed on both sides with blue-clad fans. The Los Angeles Police Department estimated the crowd to be 150,000.

Freeman played with rib injury >> World Series MVP Freddie Freeman played with a rib injury during the Dodgers’ run to the championship, in addition to his other ailments.

Freeman said at the World Series celebration that he had an intercostal strain. The painful injury involving the ribs usually sidelines a player for months.

Brewers’ Hoskins exercises option >> Milwaukee Brewers first baseman Rhys Hoskins exercised his $18 million option for 2025 rather than take a $4 million buyout and again become a free agent.

The 31-year-old hit .214 with a .303 on-base percentage, .419 slugging percentage, 26 homers and 82 RBIs this season.

Mariners decline Polanco’s option >> Second baseman Jorge Polanco’s $12 million option was declined by the Seattle Mariners, who will pay a $750,000 buyout and allow him to become a free agent.

Polanco hit a career-low .213 with 16 homers and 45 RBIs this year.

Rays pick up option on Lowe >> The Tampa Bay Rays have exercised their $10.5 million club option on Brandon Lowe after the infielder hit a team-high 21 homers this season.

The 30-year-old Lowe hit .244 with 58 RBIs in 107 games with Tampa Bay.

Grichuk turns down option with D’backs >> Outfielder Randal Grichuk turned down his $6 million mutual option with the Arizona Diamondbacks, triggering a $1.75 million buyout and becoming a free agent.