Orioles officially ink Lee By Sports Network

BALTIMORE -- The Baltimore Orioles made it official on Thursday by agreeing to terms with first baseman Derrek Lee on a one-year contract.

Financial terms were not released, but The Baltimore Sun reported the deal is for $7.25 million and could be worth as much as $10 million if Lee, 35, meets specific performance benchmarks.

A 14-year pro, Lee hit .260 with 19 homers and 80 RBI in 148 games with the Cubs and Braves in 2010.

Lee, a two-time National League All-Star selection, is a career .282 hitter with 312 home runs, 1,019 RBI and 1,026 runs scored while compiling a slugging percentage of .498 with San Diego, Florida, the Cubs, and the Braves.

The three-time Gold Glove Award winner had his best season at the plate in 2005 while with the Cubs. He won the NL batting title with a .335 average, belted a career-high 46 homers, knocked in 107 runs, and earned Silver Slugger honours.