The Seattle Mariners and outfielder/designated hitter Raul Ibanez agreed to a one-year deal on Saturday, reports CBSSports.com.
The deal is worth $2.75 million and Ibanez can make an additional $1.25 million in performance bonuses.
Ibanez, 40, hit. 240 last season with the New York Yankees with 19 home runs with 62 RBI in 425 plate appearances, and hitting three home runs during the Yankees postseason run to the American League Championship Series.
Ibanez is making his third stint with the Mariners, previously playing for the team from 1996-2000 and from 2004-2008. In 16 season major league seasons with four different teams, Ibanez is a career .278 hitter with 271 home runs and 1,116 RBI.