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Report: Gallardo, Orioles agree to restructured deal

The Baltimore Orioles and Yovani Gallardo have reportedly completed their contract negotiations after the pitcher’s failed physical altered their original agreement.

The Baltimore Orioles and Yovani Gallardo have come to a contract agreement after the pitcher’s failed physical altered their original terms, reports MASN’s Roch Kubatko.

Gallardo and the Orioles had reportedly agreed to terms last week on a three-year contract with an option for a fourth year. After the team reviewed the results of Gallardo’s physical, negotiations began anew, and the two sides have agreed to a restructured deal, Kubatko reports.

The new contract runs for two years with a team option, and is reportedly worth $20 million over the first two seasons. The Orioles will have the option of a $2 million buyout or retaining the righthander for a third year at $13 million.

Gallardo, 29, has not missed significant time with an injury since 2008 when he tore the ACL in his right knee. He owns a 3.66 career ERA in nine seasons and threw 184 1/3 innings for the Texas Rangers in 2015, marking the seventh straight year he has thrown at least 180 frames. He spent his first eight years with the Milwaukee Brewers before joining the Rangers last season. Because he received a qualifying offer from Texas, Gallardo would cost the Orioles their first-round pick (No. 14 overall) in the 2016 draft if signed.

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Gallardo would join Chris Tillman, Miguel Gonzalez, Ubaldo Jimenez and Kevin Gausman in Baltimore’s rotation. The Orioles also reportedly signed outfielder Dexter Fowler this week, beefing up their roster heading into spring training.