Orioles sign Tyler Colvin, Alfredo Aceves

The Baltimore Orioles have been aggressive in their stockpiling of depth options this winter, and Wednesday was no different. In the span of a couple of hours, the team agreed to contracts with pitcher Alfredo Aceves and outfielder Tyler Colvin, according to reports.

Aceves, whose signing was first reported by Tim Dierkes of MLBTradeRumors.com, received a minor league contract that includes an invitation to spring training. According to an industry source, the deal will be worth $1.2 million if Aceves reaches the major leagues, and includes an opt-out clause at the end of spring training that will allow Aceves to become a free agent if he does not make the major league roster.

Aceves, who struggled throughout the last two seasons with the Red Sox, could be used as either a starter or reliever for the Orioles next season. He is the owner of a lifetime 30-14 record and 3.69 ERA in six major league seasons with the Yankees (2008-2010) and Red Sox (2011-2013). If completely healthy, Aceves has the potential to be a great low-risk pickup for the Orioles after a change of scenery.

Colvin, 28, will receive a guaranteed major league contract from the Orioles, according to Dan Connolly of the Baltimore Sun. The outfielder hit just .160 with 3 HR and 10 RBI in 27 major league games with the Rockies last season, but showed improved stats with Triple-A Colorado Springs (.275 average, 9 HR, 32 RBI in 67 games).

Colvin joins Delmon Young, Xavier Paul, Quintin Berry, David Lough and Francisco Peguero as offseason additions who will compete for spots in the Orioles' outfield during spring training. Lough, Peguero and Colvin would seem to have the upper hand due to their status as 40-man roster players, but injuries and performance throughout spring training could change things.