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Dodgers re-sign Brandon Beachy to 1-year, $1.5 million deal

Brandon Beachy has signed a one-year deal with the Los Angeles Dodgers worth $1.5 million.

Kirby Lee-USA TODAY Sports

After electing free agency from the Los Angeles Dodgers earlier this off-season, Brandon Beachy and his former team have agreed to a one-year major-league deal worth $1.5 million. The deal comes courtesy of a report from Jeff Passan of Yahoo! Sports:

Beachy's deal can reach $4.25 million if all incentives are reached, according to our own Chris Cotillo.

The veteran of two Tommy John surgeries has pitched only 38 innings in the major leagues over the past three seasons and hasn't been particularly effective in those outings. Those 38 innings have all come over nine starts. It's unclear whether Beachy will start a game again. However, with a well-documented injury history and the Dodgers' rotation depth, Beachy could end up being a serviceable reliever.

It's worth noting that Steamer projects Beachy for just under half-a-win of production over the course of 91 innings. If Beachy can get his walk rate down and his strikeout rate back up to his 2011 numbers, he could definitely become an asset. Furthermore, if he doesn't pan out, his $1.5 million salary is by no means cost-prohibitive. It should be noted that the success rate for players with two Tommy John surgeries sits at around 65 percent.

Andrew Friedman, Farhan Zaidi, and the rest of the Dodgers front office have been suspiciously quiet when it comes to large dollar commitments. Signings like these could be further indication that the Dodgers are looking to decrease their payroll commitments by making frugal yet savvy investments in otherwise under-valued assets.