Cubs acquire Holland from Giants for lefty bullpen option

Derek Holland was acquired by the Cubs on Friday 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, 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.