BOSTON (AP) — Left-hander Martin Perez and the Boston Red Sox finalized a $5 million, one-year contract Friday.
Perez gets a $4.5 million salary, and Boston holds a $6 million team option for 2022 with a $500,000 buyout.
He can earn $500,000 annually in performance bonuses for innings: $100,000 each for 130, 140, 150, 160 and 170.
In 2022, he also can earn $250,000 for 180 innings.
Perez went 3-5 with a 4.50 ERA in the pandemic-shortened 2020 season, when he was the only starter in the Red Sox rotation to make all 12 of his scheduled starts.
He had a $6 million salary and earned $2,222,222 in prorated pay. Boston declined a $6.85 million option, which escalated from an initial $6.25 million. He received a $500,000 buyout.
Perez is 56-61 with a 4.71 ERA in a nine-year big league career.