Source: O's, Yovani Gallardo agree to restructured 2-year, $22M deal
— -- The Baltimore Orioles and free-agent right-hander Yovani Gallardo have agreed to a restructured two-year deal worth $22 million, a league source confirmed to ESPN's Jerry Crasnick.
According to the source, the deal could end up being worth $33 million over three years.
The team can buy out Gallardo for $2 million after two years, or pick up a club option of a third year worth $13 million, the source said.
Gallardo and Baltimore had reportedly agreed to terms on a three-year contract worth $35 million on Saturday, but the deal stalled after the Orioles reviewed the right-hander's pre-signing physical.
Gallardo, who turns 30 later this month, is 102-75 with a 3.66 ERA in nine major league seasons, the first eight coming with the Milwaukee Brewers.
Last year, pitching for the Texas Rangers, he went 13-11 with a 3.42 ERA, but he struggled in the second half, posting a 1.72 WHIP and lasting six innings just twice in 14 outings. He made 33 starts, marking the seventh straight season in which he started at least 30 games and worked 180-plus innings.
As a result of signing Gallardo, who declined a qualifying offer from Texas, the Orioles must surrender the 14th overall pick in this June's amateur draft.
Gallardo fills the void created by the departure of free agent Wei-Yin Chen, joining an all-right-handed rotation that currently features Chris Tillman, Miguel Gonzalez, Ubaldo Jimenez and Kevin Gausman.
Information from ESPN's Eddie Matz and Jerry Crasnick was used in this report.
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