Left-hander Derek Holland is staying with the San Francisco Giants, agreeing to a one-year contract that guarantees $7 million.
Holland has a $6.5 million salary as part of the deal announced Monday, and the Giants have a $7 million option for 2020 with a $500,000 buyout. The option price can escalate based on starts this year, by $500,000 each for 24 and 28, and by $1 million for 32.
The 32-year-old was 7-9 with a 3.57 ERA in 30 starts and six relief appearances over 171 1/3 innings in his first season for San Francisco. He dropped his ERA from 6.