D-Backs sign Melancon to 2-year deal worth reported $14M

The Arizona Diamondbacks have signed All-Star reliever Mark Melancon to a two-year contract, the team announced Wednesday.

The deal, which includes a mutual option in 2024, is worth $14 million in guaranteed money, a source told ESPN's Jeff Passan. The option is worth $5 million if exercised and can be bought out for $2 million, according to Nick Piecoro of The Arizona Republic.

Melancon's contract also has $2 million in incentives, reports Jon Heyman of MLB Network.

Melancon is coming off a fine bounce-back season with the San Diego Padres. The 36-year-old anchored their bullpen by posting a 2.23 ERA and 1.22 WHIP with a major-league leading 39 saves in 64 2/3 innings.

He'll now head up a D-Backs bullpen that was the worst in the majors last year.

A four-time All-Star, Melancon's 244 saves rank fourth all time among active relievers. His best season came in 2015, when he was named the Trevor Hoffman NL Reliever of the Year and saved 51 games for the Pittsburgh Pirates.