Brad Penny officially signs with Japan’s Softbank Hawks

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According to the Associated Press, via the San Diego Union-Tribune, the Softbank Hawks of Nippon Professional Baseball announced Sunday on their team website that veteran right-hander Brad Penny has officially agreed to a contract for 2012.

Terms of the deal have not been released. Penny is expected to travel to Japan on Wednesday.

The 33-year-old struggled to find much free agent interest from major league teams this winter after registering a rough 5.30 ERA, 1.56 WHIP and 74/62 K/BB ratio across 181 2/3 innings last season for the Tigers. Once regarded as a dangerous power pitcher, his fastball averaged a nine-year low 92.6 mph in 2011. The pitch averaged 94.1 mph in 2010, when Penny posted a 3.23 ERA and 35/9 K/BB ratio in 55 2/3 frames for the Cardinals before experiencing back problems.

UPDATE, 1:59 PM: According to FOX Sports’ Ken Rosenthal, Penny’s contract is worth $4 million. It also carries $3.5 million worth of incentives and a $4.5 million mutual option for 2013.