Rockies Sign Jason Giambi

Jason Giambi officially signed a one-year deal worth $1.75MM to return to the Rockies as a pinch hitter and occasional first baseman. He excelled in Denver last summer, hitting .385/.529/.692 as a pinch hitter and .292/.452/.583 overall (small sample size warnings apply). The former AL MVP hit poorly in Oakland last year, so his 2009 OPS was a career-low .725.

Andrew Marchand of 1050 ESPN Radio first reported that a deal was close, Jon Heyman of tweeted that it was official and Jon Paul Morosi of FOX Sports tweeted the value of the contract.

We heard that the Rockies were interested in free agents Orlando Cabrera and Orlando Hudson, too.

Ben Nicholson-Smith contributed to this post.