Nov 1, 2011 3:11 AM by Lee Douglas
DENVER (AP) - Jason Giambi and the Colorado Rockies have exercised their mutual option on his $1 million contract for 2012.
The 40-year-old slugger hit .260 with 13 homers and 32 RBIs in 131 at-bats as Todd Helton's backup last season. He hit a home run once every 10 at-bats against right-handers.
Giambi contemplated becoming a free agent given that so many teams, including the Phillies and Rays, showed interest in him last season, but he likes his role with the Rockies, where he serves as a clubhouse leader and mentor for younger players, including All-Star shortstop Troy Tulowitzki.
Giambi has hit .253 with 16 doubles, 21 homers and 78 RBIs since joining the Rockies in August 2009.
(Copyright 2011 by The Associated Press. All Rights Reserved.)