The Milwaukee Brewers have signed free agent pitcher Matt Garza to a four-year, $50 million contract.
The contract, which includes a fifth-year vesting option for 2018, could be worth up to $67 million based on performance bonuses.
Garza gets $12.5 million a season, with $2 million annually deferred without interest. The deferred money is payable in four installments each Dec. 15 starting in 2018. He can earn an additional $1 million annually in performance bonuses: $500,000 each for 30 starts and 190 innings.
The deal includes a $13 million option for 2018 that would become guaranteed if he makes 110 starts during the next four years, pitches 155 innings in 2017 and is not on the disabled list at the end of that season. Milwaukee also would get an extra year at a relatively low salary if he has a significant arm injury.