The Phillies have signed Kevin Frandsen, reports CBS Sports' Jon Heyman, avoiding arbitration with the infielder, who was arb-eligible for the first time this winter. ESPN's Jerry Crasnick (who said earlier today that the two sides were close to a deal) reports that the one-year contract will pay Frandsen $850K, with incentives possibly pushing the total to $1.2MM. (All links are to Twitter.)

Frandsen signed minor league contracts with the Phillies before each of the last two seasons and received his first Major League playing time since 2010 this season when he was called on to play third base when Placido Polanco went on the DL. The 30-year-old Frandsen more than capitalized on the opportunity, hitting .338/.383/.451 in 210 plate appearances as Philadelphia's everyday third baseman over the last two months. The Phils are known to be looking a more proven third baseman this winter but if the team can't find an everyday option, Frandsen and Freddy Galvis will platoon at the hot corner next year, reports Matt Gelb of the Philadelphia Inquirer.

The $850K deal is slightly higher than the $800K that MLBTR's Matt Swartz projected Frandsen to receive in arbitration. With Frandsen signed, the Phillies only have two other arb-eligible players: Antonio Bastardo and Nate Schierholtz.