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.

The Mets expect Tim Tebow to come back next year

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Mets assistant general manager John Ricco told Newsday today that he expects minor league outfielder Tim Tebow to return for a third season in professional baseball.

Tebow, 31, broke the hamate bone in his right hand while swinging a bat in late July, ending his season. It was a fairly successful season for him all things considered. After being promoted to Double-A Binghamton to start the year he hit .273/.336/.399 with six home runs, a stolen base and a .734 OPS in 298 plate appearances and made the Double-A All-Star team. That’s not the stuff of a top prospect — he strikes out far too much and the power numbers aren’t fantastic given that power would figure to be his strongest tool — but it’s pretty respectable for a guy his age and with his relative lack of baseball experience. As I said back in July, you can believe the Mets’ interest in Tebow is more marketing than baseball, but that does not preclude you from giving the guy a deserved tip of the cap for working hard and sticking it out in the bush leagues.

Assuming he does come back, the Mets are likely to start him at Triple-A Syracuse in the hopes that he’d eventually get to the bigs as a late season callup if the Mets aren’t in contention. Indeed, many believed that was the plan for him this year had he not been injured.