Update: Liriano has finalized his two-year contract with the Pirates, FOX Sports' Ken Rosenthal reports. The contract will allow Liriano to receive the original $12.75 million salary he agreed to if he misses no game action in the first season of the deal as a result of his injured right arm.
Recommendation: The injured arm in question is Liriano's non-throwing arm, so there doesn't seem to be too much risk involved with the deal. In any case, Liriano is expected to be healthy for spring training and slot in as the team's No. 4 starter.
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