Bartolo Colon’s deal could be worth as much as $6 million

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The A’s announced Saturday that they had signed veteran right-hander Bartolo Colon to a new one-year contract. And now Susan Slusser of the San Francisco Chonicle has the full financial details:

Despite Colon’s age and his suspension, the A’s will pay him $3 million next year, and an incentives package could push the deal to between $5 million and $6 million – including provisions in the event that Colon pitches in relief.

Colon only has five games remaining on that 50-game PED suspension, so he’ll be good to go one week into the 2013 season.

The 39-year-old veteran registered a superb 3.43 ERA, 1.21 WHIP and 91/23 K/BB ratio across 152 1/3 innings this past year for Oakland while earning $2 million. He made 24 starts and no relief appearances.