The $27 million deal announced Thursday includes a $10 million club option for the 2016 season.
The 29-year-old native of La Romana, Dominican Republic, is having a breakout offensive year. He is batting .295 with 23 home runs and 58 RBI.
In his eighth season, he has a career .267 average with 140 home runs and 450 RBI for Cincinnati and Toronto.
METS: Pitcher Dillon Gee is scheduled for right shoulder surgery that could sideline him for the rest of the season.
The team says Gee will have surgery today in St. Louis to replace a portion of damaged artery. The right-hander was released from a New York hospital Wednesday after undergoing a procedure to break up a blood clot in his pitching shoulder.
RED SOX: Outfielder Jacoby Ellsbury could come off the disabled list and rejoin the team today.
Manager Bobby Valentine said Thursday that all signs point to Ellsbury being ready to start a three-game series at division rival Tampa Bay.
Ellsbury has been out since hurting his right shoulder on April 13 while trying to break up a double play.
INDIANS: Pitcher Nick Hagadone will be out at least two months after having surgery to fix a broken left arm the team says he injured in frustration.
Hagadone had a screw inserted into his broken left forearm, which he hurt following an appearance last week against Tampa Bay. Indians general manager Chris Antonetti said the left-hander’s injury was “self-inflicted.”
The Indians optioned Hagadone to the minor leagues and then placed him on their minor league disqualification list.
The Indians claim they don’t have to pay him while he’s sidelined.
The players’ union might file a grievance against the club if it withholds Hagadone’s pay. His next scheduled payday is Sunday.
TWINS: Will reinstate closer Matt Capps today from the 15-day disabled list.
Capps has been out for three weeks because of shoulder inflammation.
RANGERS: The team’s contract with Dominican Jairo Beras has been approved by Major League Baseball, which has suspended the 17-year-old outfielder for providing a false date of birth.
Texas signed Beras for a $4.5 million signing bonus last spring, but there were then questions about his age.
Major League Baseball said the contract was being approved, but that Beras will not be able to participate in official games until next July 1 after providing a false date of birth in connection with his registration with the league.
Beras will be allowed to participate in workouts and practices during his suspension.
SEIZED: Federal agents and other law enforcement groups seized more than $540,000 in counterfeit Major League Baseball merchandise over two weeks leading up to this year’s All-Star Game in Kansas City.
U.S. Immigration and Customs Enforcement officials said Thursday that the joint operation, led by its Homeland Security Investigations unit, targeted Internet sellers, street vendors and stores offering fake, game-related sportswear.