Martin Perez, Twins finalize $4M, 1-year contract
MINNEAPOLIS (AP) — The Twins and former Texas left-hander Martin Perez have finalized a one-year contract that guarantees $4 million, Minnesota’s first offseason acquisition for the rotation.
Perez gets a $3.5 million salary this year, and the Twins have a $7.5 million option for 2020 with a $500,000 buyout. The option price could escalate to $8.5 million based on innings this year. He also could earn $500,000 in performance bonuses this season.
Perez went just 2-7 with a 6.22 ERA in 22 appearances in 2018, including 15 starts. He didn’t bounce back from surgery on his non-throwing elbow, an injury that occurred last winter when he was startled by a bull on his ranch in Venezuela and fell on his arm. Tommy John ligament replacement surgery on his left elbow limited Perez to 22 starts over the 2014 and 2015 seasons. He went 23-23 with a 4.60 ERA and a team-leading 65 starts for the Rangers over the 2016 and 2017 seasons.