Orioles restructure deal with Yovani Gallardo to two years

Darren Calabrese/The Canadian Press via AP
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Update (7:22 PM EST): Per Ken Rosenthal of FOX Sports, the value of the deal is $22 million for two years with a team option worth $11 million for a potential total of three years and $33 million. Eduardo A. Encina of the Baltimore Sun clarifies that Gallardo will earn $9 million in 2016, $11 million in 2017, and a potential of $13 million of the Orioles pick up the 2018 option or a $2 million buyout.

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The Orioles’ reported three-year, $35 million deal with Yovani Gallardo was in limbo as they were concerned about the right-hander’s shoulder after he underwent a physical. MASN’s Roch Kubatko reports that the deal has been restructured and the two sides have agreed to two guaranteed years with an option for the third year. CSN Mid-Atlantic’s Rich Dubroff confirms the report.

There’s no word yet on whether or not the value of the contract changed. Presumably, the average annual value (about $12 million) will stay the same, but going from three to two guaranteed years is a lot less risky for the Orioles.

As noted on Tuesday, Gallardo’s numbers last year alone were reason enough to worry about his ability to be productive and healthy going forward. His average fastball velocity declined by more than two MPH to a career-low 90.4, marking a sixth consecutive season of velocity decline. His strikeout rate plummeted and his walk rate spiked as well, adding more reason for concern.