Silva was released by the Cubs last March with $11.5MM left on his contract. He hooked on with the Yankees shortly thereafter but was released in July as he was hampered by shoulder problems through seven minor league starts. Silva's last big league season was with the Cubs in 2010 as he posted a 4.22 ERA with 6.4 K/9 and 1.9 BB/9 through 113 innings.
Had he made Boston's big league squad, Silva would have earned a base salary of $1MM for 2012. The 32-year-old's contract also included performance bonuses and an additional $50K for winning Comeback Player of the Year.
Zach Links contributed to this post.