Gausman finished sixth in National League Cy Young Award voting, the highest by a Giants pitcher since Madison Bumgarner and Johnny Cueto were fourth and sixth, respectively, in 2016.
The award went to Milwaukee Brewers right-hander Corbin Burnes, who edged Zack Wheeler of the Philadelphia Phillies.
In his second season with the Giants, Gausman went 14-6 with a 2.81 ERA and 227 strikeouts.
Gausman threw the final pitches by a Giant in 2021, coming out of the bullpen in the ninth inning of Game 5 of the NLDS.
Gausman and Robbie Ray — who won the AL Cy Young — are thought to be the two competing for the largest overall contract for a pitcher this offseason, and both could get over $100 million on a long-term deal.