Report: Grady Sizemore has agreed to re-sign with Indians

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Last week Grady Sizemore was to be putting negotiations with other teams on hold in an effort to work out a deal with the Indians and now Nick Camino of 1100-WTAM in Cleveland reports that the two sides have agreed to a contract.

According to Camino an official announcement “will happen by tonight or tomorrow.”

No word yet on the contract terms, but presumably it’s an incentive-laden one-year deal or perhaps a one-year deal with an option for 2013.

Cleveland made Sizemore a free agent by declining his $8.5 million option, choosing a $500,000 buyout instead, so for the new deal to make sense for the Indians it would seemingly have to either be for less than $8 million or include a reasonable second-year option.