Three weeks after declining their $8.5 million option on Grady Sizemore the Indians have re-signed the oft-injured outfielder to a one-year, $5 million contract.
Jordan Bastian of MLB.com reports that the deal also includes up to $4 million in additional incentives and Sizemore received a $500,000 buyout to become a free agent in the first place, so basically he can earn the entirety of the option that was declined if he stays healthy.
Sizemore reportedly drew offers from quite a few teams, but focused on negotiating with the Indians last week and clearly wanted to remain in Cleveland if possible. Agreeing to a one-year deal with no option for 2013 gives him a chance to get healthy and recoup his value with an eye toward hitting the free agent market again next winter at age 29 and the Indians apparently plan to keep him in center field.
From the Indians’ point of view they essentially changed $4 million in guaranteed money into $4 million in incentives for a one-time franchise building block who hasn’t been healthy and productive since 2008, missing 276 of a possible 486 games since then. It seems like a win-win move for both sides, but there’s no doubt that Sizemore’s career is at a major crossroads.