Right-hander Luke Jackson has signed a two-year, $11.5 million contract with the San Francisco Giants.
The 31-year-old Jackson underwent Tommy John surgery on April 13 and was sidelined for the entire 2022 season.
When Jackson helped Atlanta win the World Series in 2021, he had a strong season. He went 2-2 with a career-low 1.98 ERA in a career-high 71 games. In 63 1/3 innings, he had 70 strikeouts and 29 walks, ranking second in the majors with 31 holds.
Jackson has a record of 16-6 with a 4.24 ERA and 19 saves in 253 relief appearances over his seven-year career with Texas and Atlanta.
Jackson will receive $3 million in 2023 and $6.5 million in 2024 from the deal that was announced on Monday. If San Francisco does not exercise their team option for 2025, they have a $7 million option with a $2 million buyout.
Jackson’s club-option base salary in 2025 has the potential to rise by as much as $3.5 million for games that are completed in the 2024 season.
If the club option is exercised, Jackson will also contribute $15,000 in 2023, $32,500 in 2024, and $35,000 in 2025 to the Giants Community Fund.
In addition, the Giants and Phillies exchanged right-hander Yunior Marte for left-hander Erik Miller. According to MLB.com, the Phillies selected Miller, a 24-year-old from Stanford, in the fourth round of the 2019 draft and ranked him as their seventh-best prospect.