The San Francisco Giants have signed Buster Posey to a one-year, $8 million contract to avoid arbitration. The deal was first reported by the San Francisco Chronicle.
There was talk about the Giants trying to lock up Posey long term on a blockbuster deal, but it turns out both sides are comfortable with one year right now.
Posey is coming off of an amazing 2012 season, where he won the NL MVP Award and his second World Series’ title in three years.
He hit a blistering .336 with 24 home runs and 103 RBI, claiming the batting title and the Comeback Player of the Year Award after Scott Cousins derailed his 2011 campaign.
Posey’s signing leaves utility infielder Joaquin Arias and closer Sergio Romo as the remaining arbitration-eligible players.
The Giants agreed to deals with Hunter Pence and Gregor Blanco to avoid arbitration earlier on Friday.