January 30th: The deal is official now that Pennington has passed his physical, ESPN.com's Jerry Crasnick reports (Twitter links). Pennington will earn $1.25MM in 2013 and $2.75MM in 2014. The deal also includes a $1MM signing bonus for a total of $5MM.
January 22nd: The Diamondbacks and Cliff Pennington have reached agreement on a two-year, $5MM deal, according to Buster Olney of ESPN.com (on Twitter). The middle infielder is represented by Sosnick/Cobbe.
Arizona acquired Pennington from the A's last October in a three-team deal that also brought Heath Bell to the Diamondbacks. For his career, Pennington owns a .249/.313/.356 batting line across parts of five seasons in Oakland.
This was Pennington's first time as an arbitration eligible player. The two sides were $1MM apart upon exchanging figures - the 28-year-old filed for $2.8MM while Arizona countered with $1.8MM.