4:39pm: Vogelsong receives a $2MM guarantee and can earn up to $3MM worth of incentives, according to MLB.com’s Adam Berry (Twitter link).

3:00pm: The Pirates have announced a one-year deal with free agent righty Ryan Vogelsong. Contract terms have not yet been reported, though a source tells MLBTR that it’s an incentive-laden deal that can max out at $5MM.

Vogelsong, 38, had seemed to wrap up his MLB career after a stint with the Bucs in the early and mid-2000s. But he returned with new vigor after a stint in Japan, and has played with the Giants for the past five seasons.

Last year was not the best season for the veteran. He logged a rough 4.67 ERA with 7.2 K/9 against 3.9 BB/9. And ERA estimators saw that earned run mark as a more-or-less accurate reflection of his actual contribution on the hill.

But there are still some positives. Vogelsong threw 135 innings over 22 starts and 11 relief appearances, and has a good track record of reliability. His velocity actually trended up slightly, with an average fastball of 91 mph.

For a Pirates organization that entered the offseason looking for rotation options with limited resources, it’s easy to see the appeal in the steady veteran. Pittsburgh recently dealt away Charlie Morton after acquiring Jon Niese, so the need is still there, and further staff additions still seem likely.

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