The deal calls for $10 million in 2007 with a $6 million player option for 2008 that includes escalator clauses up to $10 million based on innings pitched.
The 40-year old Hall of Famer to be went 15-14 last season with a 4.20 ERA between the Chicago Cubs and Los Angeles Dodgers. He has won ten games for 19 straight seasons and has logged at least 199 innings every year since 1988.
Maddux holds a career WHIP of 1.14 with a .248 batting average against. He began his career with the Cubs back in 1986 and spent seven seasons with Chicago before moving on to Atlanta where he spent 11 years. He returned to Chicago in 2004 before being traded to Los Angeles last year.