Chris Cotillo of MLB Daily Dish reports that the Athletics have signed starter Henderson Alvarez to an incentive-laden one-year deal with a base salary of $4.25 million. Alvarez can earn an additional $1.6 million in incentives, which would push the maximum value to $5.85 million.
The Marlins non-tendered Alvarez earlier this month, ahead of his eligibility for his second year of arbitration. Alvarez made only four starts this past season due to a partially torn UCL in his right elbow and inflammation in his right shoulder. He underwent shoulder surgery in July, but it remains possible he could be ready by opening day.
In parts of five seasons between the Blue Jays and Marlins, Alvarez has a career 3.80 ERA with 296 strikeouts and 129 walks in 563 innings.