UPDATE: Jack Hannahan has added a year and an extra $2 million to his contract with the Reds.

Though originally reported to have signed a one-year, $2 million deal with Cincinnati, it appears the veteran third baseman will back up Todd Frazier at the hot corner for two years and $4 million, reports Jon Heyman of CBS Sports.

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ORIGINAL STORY: The Cincinnati Reds have reached a one-year, $2 million agreement with free agent third baseman Jack Hannahan, reports Ken Rosenthal of FOX Sports:

Sources: #Reds in agreement with free-agent 3B Jack Hannahan, pending physical. One year, $2M. Will back up Frazier.

— Ken Rosenthal (@Ken_Rosenthal) December 12, 2012

Rosenthal adds that Hannahan will back up Reds regular third baseman Todd Frazier.

Last season for the Indians Hannahan hit .244/.312/.341 with 16 doubles and four home runs over 287 at-bats. He was also with Cleveland in 2011, batting .250/.331/.388 with 16 doubles, two triples and eight home runs over 320 at-bats.

Hannahan received significant interest this offseason, but as you can see from his numbers he had a less-than-impressive 2012 campaign. His career numbers aren’t any better, as he’s maintained a line of .234/.316/.355 over parts of six seasons at the major league level.

It’s also not like he’s young, as Hannahan will turn 33 in March. Most of the interest in the veteran had to do with the dearth of available third basemen on the open market.

Before he signed with the Reds, the Minnesota Twins, Chicago White Sox, Miami Marlins and New York Yankees also expressed varying levels of interest in Hannahan throughout the offseason.