MARCH 6: The Giants announced the signing of Álvarez to a one-year, $1.15MM contract with a $1.5MM club option for 2022, per MLB.com’s Maria I. Guardado (via Twitter). The option comes with a $100K buyout, adds John Shea of the San Francisco Chronicle (via Twitter). That bonus will count towards the luxury tax, though the option year will not. Therefore, Álvarez’s deal should count $1.16MM against the luxury tax payroll this season.
The left-handed Alvarez, who will turn 32 in May, debuted with the Tigers in 2013 and has since pitched for the Angels and Phillies. Alvarez struggled to keep runs off the board as a Tiger, but he did well in Anaheim and Philadelphia. Overall, despite a subpar strikeout percentage (20.8), Alvarez has logged a respectable 3.59 ERA/3.85 SIERA in 340 2/3 major league innings. He has thrown 50-plus innings in a season on four occasions, though he only tossed 6 1/3 frames last year as a result of a groin injury.
If his agreement with San Francisco does go through, Alvarez could be part of a bullpen that has no shortage of southpaws. Jake McGee has been their relief corps’ biggest free-agent acquisition, but Jarlin Garcia, Sam Selman, Wandy Peralta and Caleb Baragar are also on the Giants’ 40-man roster.