The Mariners are reportedly being reunited with Raul Ibanez.’s Jon Heyman confirms both parties have agreed to a one-year contract worth $2.75 million, and potentially $1.25 million more for performance bonuses.

Ibanez played in Seattle from 1996-2000 and 2004-2008.

Ibanez, 40, hit .240 with 19 home runs for the Yankees last season, mostly as a designated hitter, but wound up starting 76 games in the outfield due to Brett Gardner’s injury, according to Mike Axisa of

The veteran also made Yankee history during the 2012 post-season when he launched a pinch-hit home run and then a walk-off home run in game three of the American League Division Series against the Baltimore Orioles.

The signing comes less than a week after Seattle swapped starter Jason Vargas for the Los Angeles Angels of Anaheim’s Kendrys Morales. Morales, playing on the final year of his contract, is expected to provide Seattle with power the team has lacked for years.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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