MILWAUKEE, Wisc. -- The Milwaukee Brewers signed Prince Fielder to a one-year, $15.5 million contract on Tuesday, avoiding the final year of arbitration with their All-Star first baseman.
The deal is the richest in franchise history and is $5 million more than Fielder earned in 2010.
Fielder regressed last season following a career year, batting just .261 with a .401 on-base percentage, 32 home runs and 83 RBI in 161 games.
As a 23-year old, he became the youngest player in history to hit 50 homers in a season, accomplishing the feat in 2007 when he finished third in the National League MVP voting.
In five-plus seasons with the Brewers, spanning 836 total games, Fielder has compiled a .279 batting average with 192 homers and 536 RBI.
Milwaukee also announced pitcher Manny Parra signed a one-year contract worth $1.2 million. He split time as a starter and reliever in 2010, finishing with a 5.02 earned-run average and a 3-10 record.
In 110 career games -- 74 starts -- the 28-year-old lefty is 24-30 with a 5.13 ERA.