Gavin Floyd has agreed to terms on a one-year, incentive-laden deal with the Atlanta Braves.
According to reports, Floyd will receive $4 million in 2014 with a chance of earning an additional $4.5 million in incentives.
The right-hander went 0-4 with a 5.18 ERA in five starts for the Sox in 2013. He underwent elbow surgery in May to repair tears in his ulnar collateral ligament and flexor tendon.
The Braves are hoping Floyd will return to the mound in May.
What's interesting about this deal is that Floyd, a Baltimore-area product, turned down a two-year offer from the Orioles that could have been worth as much as $20 million with incentives.
A report in The Baltimore Sun said the Orioles were not interested in giving Floyd a one-year deal because he will not pitch until May, and the club coveted his services for more than one year. Floyd declined the offer because he desires to go back on the free agent market next offseason, presumably believing he could earn a more lucrative contract if he proves he's healthy in 2013.
Give Floyd full marks for betting on himself. This is a gamble on his part. There aren't too many pitchers coming off major elbow surgery that would turn down a multiyear offer.