Nov 28, 2006 2:00 PM EST

Randy Wolf and the Dodgers finalized an $8 million, one-year contract on Tuesday.

Wolf gets $7.5 million next year, and the Dodgers have a $9 million option for 2008 with a $500,000 buyout. His 2008 salary would become guaranteed if Wolf pitches 180 innings next season.

Via AP