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Indians sign Gavin Floyd to 1-year, $4 million contract

The right-hander can earn up to $6 million in performance bonuses, pushing the deal's potential value to $10 million.

Daniel Shirey-USA TODAY Sports

The Indians have signed right-hander Gavin Floyd to a one-year, $4 million contract, according to a major-league source. The right-hander can earn an additional $6 million in performance bonuses based on starts and innings pitched, pushing the potential total value of the deal to $10 million if all bonuses are reached.

Floyd, 31, was excellent in nine starts for the Braves last year, posting a 2.65 ERA and 7.5 K/9 before a rare elbow injury ended his season. He has made only fourteen starts over the last two years due to injury, but was a previously a consistent rotation piece for the Phillies and White Sox.

Floyd is familiar with the AL Central from his seven seasons with the White Sox, and will slot in behind Corey Kluber, Carlos Carrasco, Trevor Bauer and Danny Salazar in the Indians' rotation. T.J. House, Josh Tomlin and Zach McAllister were also thought of as candidates for the fifth rotation spot, though one of them may be moved in a trade while the others provide depth in case of injury.

In eleven major league seasons with the Phillies (2004-2006), White Sox (2007-2013) and Braves (2014), Floyd is the owner of a lifetime 72-72 record and 4.40 ERA in 208 appearances (196 starts).