Romo will receive a $15 million guarantee, reports Rosenthal. According to ESPN's Jerry Crasnick, Romo can receive a $1 million bonus for games finished. Romo lost his job as Giants closer last season, but finished off the season strong, registering a 0.93 ERA from July 22 to the end of the season.
Overall, Romo went 6-4 with a 3.72 ERA in 64 games this past season. He saved 23 games in 28 opportunities. However, he posted a career low in ERA+, while striking out 59 and walking just 12 in 58 innings pitched. He was good at the back of the Giants bullpen and should continue to set up for Santiago Castilla, their current closer.
The 32-year-old Romo was an All-Star in 2013, when he saved 38 games in 43 opportunities. His chance to close for them came following two excellent seasons in 2011 and 2012, where he allowed just a 1.65 ERA in 103.1 innings over those two years.
The Giants have been fairly quiet this offseason, missing out on Chase Headley, Jon Lester, Yasmany Tomas, and Pablo Sandoval already. While Romo does not represent a major signing for them, they are able to sure up the back end of their bullpen with an experienced guy, and at just a $7.5 million annual average value, Romo is definitely worth it, especially if he can come back to old form.