9:55pm: Giambi will receive a $750K salary plus incentives if he makes the Indians roster, says Hoynes (on Twitter).
9:37pm: The Indians have signed Giambi to a minor league contract, according to a team announcement. He will report to MLB Spring Training on Wednesday in Goodyear, Arizona, reports Paul Hoynes of The Plain Dealer (via Twitter).
8:44pm: The Indians are close to finalizing a minor league deal with former Rockies slugger Jason Giambi, reports Troy Renck of the Denver Post (on Twitter). The contract will include an invitation to MLB Spring Training.
Giambi, 42, will look to compete for a spot on the bench as a left-handed designated hitter and offer depth at first base. The 2000 AL MVP posted a .225/.372/.303 batting line in 89 at-bats with the Rockies in 2012 as he served as a pinch hitter.