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9:37pm: Joe Stiglich of The Bay Area News Group reports (on Twitter) that the deal could be worth more than $5MM if Colon hits all of his incentives.
4:15pm: Colon's deal has a base salary of $3MM with a good incentives package, a source tells Susan Slusser of the San Francisco Chronicle (via Twitter).
3:20pm: The A's announced that they have re-signed right-handed pitcher Bartolo Colón to a one-year contract. Terms of the deal are not yet known for the Wasserman Media Group client.
Colon turned in a 3.43 ERA with 5.4 K/9 and 1.4 BB/9 through 24 starts before a positive test for testosterone landed him a 50-game suspension in August. The 39-year-old still must serve five games of that suspension in 2013.
The right-hander made just 47 starts from 2006-2009 and missed the 2010 season but turned in a strong 2011 for the Yankees. For his career, Colon has a 4.05 ERA with 6.9 K/9 and 2.9 BB/9.
Mike Axisa contributed to this post.
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