Lee deal official: one year, $7.25 million

The Orioles have officially announced their one-year deal with 35-year-old first baseman Derrek Lee, who passed his team physical Wednesday,

The deal is worth $7.25 million guaranteed this season but could be worth as much as $10 million total if he hits certain performance bonuses.

Lee is expected to talk with the Baltimore media this afternoon.

Lee hit .260 (142-547) with 19 home runs and 80 RBIs in 148 games with the Chicago Cubs and Atlanta Braves in 2010. In 2009, he set a career-high with 111 RBIs and led the Cubs with a .306 average, finishing ninth in National League Most Valuable Player voting. In his 14-year career, Lee is a .282 hitter with 312 home runs, 1,019 RBIs and an .865 OPS in 1,829 games.

A two-time National League All-Star (2005 and 2007), and three-time Gold Glove Award winner at first base (2003, 2005, 2007), Lee has hit at least 20 home runs in nine of his last 11 seasons and played at least 140 games in 10 of those 11 seasons. In 2005, Lee finished third in NL MVP voting, winning the NL batting title (.335) and Silver Slugger Award and setting a career-high with 46 home runs.

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