Ryan Ludwick re-signs with Reds for two years and $15 million

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UPDATE: CBS Sports’ Jon Heyman reports that Ludwick will get $15 million over two years.

Friday, 7:25 PM: John Fay of the Cincinnati Enquirer reports that Ludwick will get a two-year deal with a mutual option for 2015. No word yet on the dollar amount.

Friday, 5:13 PM: Cincinnati has reportedly had a two-year offer on the table for Ryan Ludwick to re-sign for basically the entire offseason and today he finally decided to accept it, according to Jon Heyman of CBSSports.com.

After back-to-back poor seasons Ludwick signed a one-year, $2.5 million deal with the Reds last offseason that included a $5 million mutual option for 2013.

Ludwick had a big bounceback season at age 33, hitting .275 with 26 homers and an .877 OPS in 125 games, which made declining his half of the mutual option to become a free agent again a no-brainer.