The Boston Red Sox signed first baseman Mike Napoli to a new two-year contract worth $32 million.
The deal was made official Thursday night, nearly a week after the two sides agreed to it.
Napoli receives a significant raise over a one-year, $5 million deal that he signed when he joined the Red Sox.
After originally agreeing to a three-year, $39 million deal with the Red Sox during the offseason last year, the contract was amended when a degenerative hip condition was found during a physical.
The 32-year-old Napoli turned out to be a boon to the Red Sox last season. He batted .259 with 23 home runs and 92 RBIs in 139 games last season.
"The beard is coming back to Boston!!!" Napoli tweeted Dec. 6. "Couldn't be happier!!"
During the Red Sox's run to the World Series title, Napoli played a key role. In the American League Championship Series against the Detroit Tigers, he belted the winning home run in Game 3 and started a three-run second inning in Game 5 with a leadoff homer.
According to Fox Sports, Napoli had one other offer -- possibly from the Seattle Mariners, Texas Rangers or Miami Marlins -- but took less money to remain with the Red Sox.
To make room on the 40-man roster, the Red Sox designated outfielder Alex Castellanos for assignment.