The Giants have agreed to sign right-handed reliever Luke Jackson to a two-year contract worth $11.5 million with a team option for the 2025 MLB season, the team announced Monday.
Jackson will be paid $3 million next season and $6.5 million in 2024. If the Giants exercise the team option for 2025, he will earn $7 million. If not, San Francisco will pay a $2 million buyout.
Additionally, the Giants traded right-handed pitcher Yunior Marte to the Philadelphia Phillies for 24-year-old left-hander Erik Miller.
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Jackson, 31, underwent Tommy John surgery in April and missed the 2022 MLB season. Before that, he was coming off the best season of his career.
In 71 appearances (63 2/3 innings) for Atlanta in 2021, Jackson notched a 1.98 ERA and 1.162 WHIP while whiffing 9.9 batters per nine innings and helped the Braves win a World Series title. The 31-year-old owns a 4.24 ERA and 3.96 FIP over his seven-year MLB career since debuting for the Texas Rangers in 2015.
The other newcomer to the organization is Miller, who is listed as the Phillies' seventh-best prospect by MLB.com. A fourth-round pick by Philadelphia in 2019, Miller has yet to make his MLB debut.
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He was promoted to Triple-A last season and has registered a 2.51 ERA and 130 strikeouts over three minor-league seasons.
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Marte made 39 appearances for the Giants in 2022, logging a 5.44 ERA in 48 innings. He struggled with control, walking 22 batters while striking out 44.
Miller likely will begin the season with the Triple-A Sacramento River Cats. Jackson will join a Giants bullpen featuring Camilo Doval, twin brothers Taylor, Tyler Rogers, and John Brebbia.