The Atlanta Braves have signed closer Will Smith to a three-year, $39 million contract, the team announced Thursday.
The deal also includes a club option for 2023 for an additional $13 million. According to ESPN’s Jeff Passan, the deal includes a buyout that will pay Smith $1 million if the Braves do not pick up that option.
Smith, 30, earned 34 saves in 38 opportunities for the San Francisco Giants last year while going 6-0 with a 2.76 ERA.
A Georgia native, Smith struck out 96 while walking 21 and was named to the All-Star team for the first time in his career.
Smith had received a $17.8 million qualifying offer from the Giants and he signed with the Braves shortly before the deadline to accept that offer. Atlanta will now forfeit a selection pick in the 2020 draft by signing Smith.
The NL East champion Braves were looking to upgrade the bullpen after going through several closers last season, including Luke Jackson, Shane Greene and Mark Melancon.
The Associated Press contributed to this report.
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