Jason Giambi, Rockies agree to exercise 2012 mutual option

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From beat writer Troy Renck of the Denver Post comes word that the Rockies and Jason Giambi have agreed to exercise the backup first baseman’s $1 million mutual option for 2012.

Giambi might have been able to fetch a slightly more fruitful salary on the open market after slugging 13 home runs and tallying 32 RBI in just 131 at-bats this season, but he’s comfortable out in Colorado and seems to have embraced his part-time role behind starting first baseman Todd Helton.

Giambi has earned over $131 million in his 17-year major league career. We’re guessing that money alone no longer drives his decisions.