UPDATE: Francisco Liriano only guaranteed $1 million in deal with Pirates

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UPDATE: According to Tom Singer of MLB.com, Liriano will only be guaranteed $1 million. He could make an additional $11.75 million if he reaches certain bonuses and has his option vest for 2014. That was quite a costly fall.

10:48 PM: The Pirates just officially announced the deal. Liriano will get a one-year contract with a vesting option for 2014, so it appears he will have to prove his health this season in order to receive the money he was originally in line to get prior to breaking his arm.

2:48 PM: Francisco Liriano agreed to a two-year, $12.75 million deal with the Pirates back mid-December, but the signing was put on hold and potentially put in jeopardy when Liriano broke his non-throwing arm in a bathroom fall.

There was talk of the Pirates re-working some of the language in the contract and even some speculation that they might back out of the deal completely, but Ken Rosenthal of FOXSports.com reports that the two sides have finalized things six weeks later.

Liriano has had an ERA above 5.00 in back-to-back seasons and infuriated the Twins and White Sox with his inability to throw strikes, but he’s also still just 29 years old with good fastball velocity, a devastating slider, and 480 strikeouts in 483 innings since 2010.

The Giants might be ready to part ways with Hunter Pence

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Alex Pavlovic of NBC Sports Bay Area hints that the Giants may be done with outfielder Hunter Pence. It’s not clear just how seriously the club is contemplating such a decision, but there are six days remaining on Pence’s rehab assignment, at which point they’ll be able to recall him, reassign him to the minors or release him.

The 35-year-old outfielder has struggled to make a full recovery after spraining his right thumb during the first week of the season. Pence bounced back for a 17-game run with the Giants in April, during which he slashed a meager .172/.197/.190 with one double and one stolen base in 61 plate appearances, but was eventually placed on the disabled list with recurring soreness in his finger. He currently sports a promising .318/.359/.388 batting line with four extra-base hits (including a grand slam) over 92 PA in Triple-A Sacramento.

Despite his recent resurgence in Triple-A, the Giants may not need the additional outfield depth just yet. Mac Williamson, who was recalled in the wake of Pence’s DL assignment, has already cemented the starting role in left field and is off to a strong start at the plate as well. Of course, if the Giants decide to say a premature goodbye to their veteran outfielder (who, it should be said, helped them to two World Series championships over the last seven seasons), it’ll cost them the remaining balance on his $18.5 million salary for 2018.