SCOTTSDALE, Ariz. (AP) — Left-hander Tony Watson and the San Francisco Giants have finalized a two-year contract that includes a player option for 2020, a deal that guarantees the former All-Star reliever $9 million.

The deal announced Monday could be worth $26 million over three years, including performance bonuses. Among the performance bonuses are $2.5 million annually in 2018 and 2019 based on games finished. The deal was structured in a manner that lowers its average annual value for the luxury tax.

The 31-year-old left-hander was 7-4 with a 3.38 ERA last year in 71 relief appearances for Pittsburgh and the Los Angeles Dodgers, who acquired him on July 31. He was 2-1 with a 2.70 ERA in 24 regular-season games with the Dodgers, then 2-0 with a 2.57 ERA in 11 postseason games.

A 2014 All-Star, Watson pitched for the Pirates from 2011-17.