MILWAUKEE (AP) -- Derek Holland was acquired by the Cubs from the San Francisco Giants for a player to be named, giving the Cubs a new left-handed option out of the bullpen.
As part of the trade announced Friday, San Francisco agreed to send Chicago $1,846,505 to cover all but $425,000 of the $2,271,505 remaining in Holland's $6.5 million salary this year. San Francisco also agreed to a conditional $500,000 payment if the Cubs decline Holland's $6.5 million option for 2020 and pay him a $500,000 buyout.
The 32-year-old is 2-4 with a 5.90 ERA in seven starts and 24 relief appearances this year. Holland is 78-77 with a 4.51 ERA in 221 starts and 54 relief appearances for Texas, the Chicago White Sox and San Francisco.
Chicago designated lefty Tim Collins for assignment to open a roster spot. Collins had a 3.12 ERA in nine relief appearances for the Cubs this year.
Cubs And Giants Complete Trade