Derrek Lee’s one-year deal with Orioles worth $7.25 million plus incentives

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Derrek Lee and the Orioles are making their one-year deal official today, and Don Connolly of the Baltimore Sun reports that the contract is worth $7.25 million in guaranteed money plus another $2.75 million in potential “performance bonuses.”

Lee just finished a five-year, $65 million deal signed with the Cubs in 2006, but is a 34-year-old coming off a career-worst season filled with thumb problems and the going rate for a veteran first baseman/corner outfielder coming off a down or injury wrecked season appears to be around $8-10 million.

Lance Berkman got $8 million from the Cardinals. Carlos Pena got $10 million from the Cubs. Magglio Ordonez got $10 million from the Tigers. And on the low end Hideki Matsui and Lyle Overbay each got $5 million. Lee’s deal could be worth up to $10 million and I like his chances of bouncing back in 2011, in which case he probably has more upside than any of those other guys.

Bradley Zimmer to miss 8-12 months after shoulder surgery

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Indians outfielder Bradley Zimmer is out for the year after undergoing arthroscopic surgery on his right shoulder, the team announced Saturday. The projected recovery timetable spans anywhere from 8-12 months, which puts Zimmer’s return in the second half of the 2019 season, assuming that all goes well.

Zimmer, 25, had not made an appearance for the Indians since June 3. He racked up a cumulative nine weeks on the major- and minor-league disabled lists this season and will have finished his year with a .226/.281/.330 batting line, seven extra-base hits, and four stolen bases in 114 plate appearances.

The outfielder reportedly sustained his season-ending injury during a workout in Triple-A Columbus, where Cleveland.com’s Joe Noga says Zimmer began feeling discomfort in his shoulder after completing a set of one-handed throwing drills. Comments from club manager Terry Francona suggest that the Indians have every reason to believe that he’ll make a full recovery by next summer, though it’s not yet clear whether or not he’ll need additional time to readjust to a full workload when he takes the field again.