O’s acquire left-hander Joe Saunders from the Diamondbacks for Matt Lindstrom and a PTBNL

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As first reported by CBS Sports’ Jon Heyman, the Orioles have acquired lefty starter Joe Saunders in a waiver trade from Arizona. Matt Lindstrom, a right-handed reliever, is headed to the Diamondbacks in return along with a player to be named later.

Saunders passed through waivers on Friday and was at that point eligible to be dealt to any team. The 31-year-old has posted a decent 4.22 ERA and 1.36 WHIP in 130 innings this season, but the D’Backs have a number of young arms in their system and did well to land a reliable setup man in their return package from the O’s.

Lindstrom, 32, registered a 2.72 ERA and 1.29 WHIP across 36 1/3 innings this year for Baltimore.

Saunders will be eligible for free agency this offseason. He’s earning $6 million in his final year of arbitration.

Giants sign Austin Jackson to two-year, $6 million contract

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The Giants announced on Monday night the signing of outfielder Austin Jackson. According to Jon Heyman of FanRag Sports, it’s a two-year, $6 million deal with performance incentives that allow Jackson to earn up to an additional $2.5 million for a total of $8.5 million.

Jackson, who soon turns 31 years old, spent last season with the Indians. In 318 plate appearances, he hit .318/.387/.482 with seven home runs, 35 RBI, and 46 runs scored.

The Giants have been on the hunt for a center fielder and Jackson addresses that need relatively cheaply. Jackson will join Hunter Pence and newcomer Andrew McCutchen in the outfield.