Depending on how you look at it, the Giants may have dodged a bullet.
Two-way Japanese star Shohei Ohtani, who signed with the Angels last week, reportedly underwent platelet-rich plasma treatment for a damaged ulnar collateral ligament in his pitching elbow.
According to a physical report obtained by Yahoo Sports, Ohtani has a first-degree sprain of his right UCL. Ohtani underwent the procedure on Oct. 20 in Tokyo, according to the report. Teams were made aware of the treatment when Ohtani was entered into the MLB posting system on Dec. 1.
The Giants were one of seven finalists for the pitcher and slugger along with the Angels, Mariners, Rangers, Padres, Cubs and Dodgers.
Ohtani should be able to pitch through the first-degree sprain, but any further damage would likely require season-ending Tommy John surgery.
SAN FRANCISCO -- The Giants began this week dreaming of locking up the offseason's two biggest prizes. Now it appears they've struck out twice.
A few hours after it was reported that Giancarlo Stanton does not want to be traded to San Francisco, Shohei Ohtani finally made his decision. The Japanese superstar will sign with the Los Angeles Angels.
The Giants met with Ohtani on Monday in Los Angeles and felt the meeting went well. Ohtani was said to have hit it off with Buster Posey, who attended the meeting alongside team executives, and the Giants presented a plan in which Ohtani could be a top-of-the-rotation starter and also get 300 to 400 at-bats in the outfield. The American League was always more likely, though, because Ohtani can be the designated hitter when he is not pitching.
[GALLERY: The file on Shohei Ohtani]
In a statement, Ohtani's agents at CAA said he was "humbled and flattered by all the time and effort that so many teams put into their presentations and sincerely thanks them for their professionalism."
"In the end, he felt a strong connection with the Angels and believes they can best help him reach his goals in Major League Baseball," wrote Nez Balelo, Ohtani's agent.
The Giants were hot on Ohtani as soon as it became clear he would forego hundreds of millions to come over two years early. Bobby Evans and assistant GM Jeremy Shelley visited Japan in September to scout Ohtani in person.
MINNEAPOLIS -- The Seattle Mariners and Los Angeles Angels each have acquired $1 million in international bonus pool money from the Minnesota Twins, aiding their pursuit of Japanese outfielder and pitcher Shohei Ohtani.
The teams announced the deals Wednesday night. Seattle sent minor league catcher David Banuelos to Minnesota, while the Angels traded minor league outfielder Jacob Pearson to the Twins.
Seattle can now offer Ohtani $2,557,500 and Los Angeles can spend $2,315,000. The Texas Rangers have the most slot money available with $3,535,000. The Giants, Cubs, Dodgers and Padres can only spend $300,000. Seattle, Los Angeles and Texas are among seven teams believed to be in the running for Ohtani.
Minnesota had $3.07 million in bonus pool money before the trades, but it is not among the finalists in the Ohtani bidding.
Banuelos was a fifth-round draft pick this year from Long Beach State. He is considered a strong fielder and was a finalist for the Johnny Bench Award as one of the nation's top amateur catchers.
Pearson was Los Angeles' third-round selection this year.