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Farhan Zaidi has acquired Alex Wood for a second time. The former Dodgers general manager, now president of baseball operations in San Francisco, signed the left-hander Wood to a one-year contract, the Giants announced on Thursday.
Wood will earn $3 million in 2021, per Maria Guardado of MLB.com:
Wood's contract is worth $3 million. He can make an additional $3 million in performance bonuses for games pitched in which he records ten outs or greater: $125,000 each for 12 and 14; $250,000 each for 16, 18, 20, 22 and 24; $500,000 each for 26, 28 and 30.
— Maria I. Guardado (@mi_guardado) January 15, 2021
Wood made $4 million in 2020, pro-rated to $1.48 million in the shortened, 60-game season.
Wood had a 6.39 ERA in 12⅔ innings for the Dodgers in 2020, a season in which he missed 32 games with shoulder inflammation. He began the season in the rotation but only made one start before getting hurt, and was limited to bullpen use the rest of the way, including one start as an opener in September.
In the postseason, Wood allowed only one run and struck out eight in 6⅔ innings, including four scoreless innings in the World Series. Wood pitched two perfect innings, striking out three, in Game 6 against the Rays, helping the Dodgers clinch their first championship in 32 years.
Wood has been an above-average starter throughout his career, but hasn’t had a fully-healthy season since 2018. He was limited to just seven starts in 2019 with the Reds, spending the bulk of the year on the injured list with back stiffness, and missed five weeks with shoulder inflammation with the Dodgers in 2020.
The 30-year-old Wood has a 3.45 career ERA and 3.51 FIP in 188 games, including 138 starts, with 783 strikeouts in 851⅔ innings. That includes two stints with the Dodgers, first acquired via trade in 2015 from the Braves — when Zaidi was the Dodgers general manager — then in free agency last offseason.