The Indians announced that they have signed Mark Reynolds to a one-year contract. The deal is worth $6MM, according to Brittany Ghiroli of MLB.com (via Twitter). Reynolds could earn as much as $7.5MM if he reaches certain performance bonuses. With Reynolds manning first base, the Indians will turn to Lonnie Chisenhall as their starter at the hot corner.

Reynolds started the 2012 season slowly, but hit 15 home runs after August 1st, finishing with 23 homers and a .221/.335/.429 batting line. The 29-year-old struck out 159 times, but didn't lead the league in strikeouts for the first time since 2007.

The Orioles paid Reynolds a $500K buyout instead of exercising his $11MM option following the regular season. He remained under team control as an arbitration eligible player with a projected salary of $8.9MM, but the Orioles elected to non-tender him.

Jon Heyman of CBSSports.com first reported that a deal was imminent (on Twitter). Mike Axisa and Ben Nicholson-Smith contributed to this post. Photo courtesy of Kim Klement/US Presswire.