Diamondbacks Sign Eric Chavez

Eric Chavez will officially be returning to the Diamondbacks for a second season. The team announced today that it has signed the third baseman to a one-year contract. Chavez, a client of All Bases Covered, is reportedly guaranteed $3.5MM and can earn another $1MM via incentives. He will receive $250K for playing in 60, 90, 120 and 150 games.

Chavez batted .281/.341/.488 with 25 homers in 567 plate appearances over the past two seasons between the Diamondbacks and Yankees. Once considered a defensive wizard at the hot corner, Chavez's glove-work has declined in recent years after a slew of back, shoulder and neck injuries have taken their toll on the veteran's body.

The 36-year-old veteran figures to serve as a left-handed bat off the bench and can back up regular third baseman Martin Prado from time to time. Chavez also has experience at first base, so he could see some time there should Paul Goldschmidt be injured or require a day off (though Mark Trumbo could back up that position as well).

Chavez was also connected to the Yankees and Braves this offseason. In the end, Jon Heyman of CBS Sports reports (via Twitter) that he preferred to stay close to his Phoenix home.

Heyman of CBS Sports was the first to report the agreement and the terms of the contract (Twitter links). Ken Rosenthal of FOX Sports reported the incentives structure (also on Twitter).

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