Giants re-sign Javier Lopez to three-year, $13 million deal

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UPDATE: It’s a done deal now for three years and $13 million, pending a physical exam next week.

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Giants general manager Brian Sabean revealed yesterday that he was very close to re-signing reliever Javier Lopez and now Steve Berman of Bay Area Sports Guy reports that it’ll be a three-year, $13 million deal.

Last time Lopez re-signed with the Giants he got a two-year, $8.5 million contract, so he’s basically getting the same deal with an extra year added on. Not bad for a 35-year-old left-handed specialist.

Lopez has a 2.26 ERA in four seasons with the Giants, including a 1.83 ERA this year, and he’s held left-handed hitters to a sub-.200 batting average in five of the past six seasons.

Sabean and the Giants have been very busy already this offseason, re-signing Lopez and Tim Lincecum for a combined $48 million while also adding Tim Hudson to the rotation on a two-year, $23 million deal.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.