2:40pm: Price says the deal is worth $19MM guaranteed. Abreu will be paid $9MM in 2010 and 2011, plus a $1MM buyout of a $9MM option for 2012 that could vest based on plate appearances. Given how the market treated Abreu last year, it's not a surprise that he jumped on this offer.
2:19pm: SI.com's Jon Heyman says the deal also includes a vesting option for 2012.
1:58pm: The Angels have re-signed outfielder Bobby Abreu to a two year deal, according to Ed Price of AOL FanHouse. Terms of the deal are not yet known, but stay tuned for updates.
The 35-year-old Abreu made just a $5MM base salary in 2009, though incentives tied to plate appearances put another $1MM in his pocket. Abreu hit .293/.390/.435 in his first year in Anaheim, driving in 100+ runs for the seventh straight season.