Kevin Millwood can earn up to $5 million from Yankees, has May 1 opt-out clause

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Now that the signing is official Marc Craig of the Newark Star Ledger has the details of Kevin Millwood’s minor-league contract with the Yankees.

Millwood can opt out of the deal if he’s not in the majors by May 1. If he does get added to the roster his base salary will be $1.5 million and then he can earn an additional $3.5 million in incentives, with $500,000 each for 5, 10, 15, 20, and 25 starts and $1 million for 30 starts.

He has about as much chance of making 30 starts for the Yankees this season as I do, but there’s a decent chance he’ll join the rotation at some point in the next month and would probably be given at least a handful of starts to prove himself, which would add up to $2 million total.

At this point it looks like both Freddy Garcia and Bartolo Colon will crack the Opening Day pitching staff, whereas Millwood likely wouldn’t be an option until mid-April because he waited so long to sign while holding out for a guaranteed deal that never came. He went 4-16 with a 5.10 ERA for the Orioles last year, including 0-2 with a 5.70 ERA against the Yankees.

Cubs acquire Martín Maldonado from the Royals

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Last night Cubs catcher Willson Contreras was placed on the injured list with a strained muscle in his right foot. That injury inspired the Cubs to go out and get another catcher. They acquired Martín Maldonado in a trade with Kansas City in exchange for lefty Mike Montgomery, in a deal that was announced after the Cubs loss to the Reds.

Maldonado, 32, was a Gold Glove winner in 2017 with the Angels. At the moment he’s hitting .227 with six homers and 17 RBIs in 74 games. Obviously, though, defense is his calling card, as he’s a .220 career hitter with 57 homers and 210 RBIs in 686 games.

Montgomery, 30, is 1-2 with a 5.67 ERA in 20 relief appearances for the Cubs this year. He’s heading back to where his pro career began. He was drafted by Kanas City in 2008, though he was traded away in the James Shields/Wade David/Wil Myers deal in 2012. He made his big league debut for Seattle in 2015. Dayton Moore said last night that the Royals plan to use Montgomery in the rotation as a replacement for Homer Bailey, who was dealt to Oakland on Sunday.