UPDATE: The deal has been confirmed by Jeff Passan in this tweet:
Drew Pomeranz has a one-year, $1.5 million deal with the San Francisco Giants, league source tells ESPN. Remember, in 2016, the Red Sox traded top prospect Anderson Espinoza for him. Clearly Giants see upside after an awful tenure in Boston. @sportslarryknbr had the deal first.
— Jeff Passan (@JeffPassan) January 23, 2019
Chris Cotillo adds:
Pomeranz deal can reach $5 million if incentives are reached. Base is $1.5M, per reports. https://t.co/HNevzZpWpv
— Chris Cotillo (@ChrisCotillo) January 23, 2019
and in a subsequent tweet mentions “Pomeranz’s incentives described to me as ‘complicated.