The Seattle Mariners' signing of OF Jason Bay can officially be deemed a well-calculated risk, as the veteran slugger's contract only guarantees him $500,000, according to Geoff Baker of the Seattle Times.

Technically, his base salary is $1 million which could climb to $3 million with incentives. But if the Mariners decide they don't like what they see in spring training, they could part ways with Bay and only owe him half of his initial salary, according to Baker.

The 34-year-old Bay was recently let go by the New York Mets after he agreed on a deal to defer the $21 million that New York still owed him. In his last season in the Big Apple, Bay batted .165 with eight home runs and 20 RBI across 70 games. Over the course of his $66 million, four-year contract with the Mets, Bay was limited to only 288 games due to concussions and a handful of other nagging injuries.