6:16pm: Jack Magruder of FOXSportsArizona.com has the contract breakdown (on Twitter). Drew will earn $4.65MM in 2011, $7.75MM in 2012, and his 2013 option is worth $10MM with a $1.355MM buyout.
12:23pm: The D'Backs have agreed to sign Stephen Drew to a two-year, $13.75MM deal, according to Jon Paul Morosi of FOX Sports (on Twitter). The deal includes a mutual option for 2013. The extension, which covers Drew's final two seasons of arbitration eligibility, still allows him to hit the open market after the 2012 season. The D'Backs confirmed the deal.