Oakland A's Sign Veteran Bartolo Colon

Veteran pitcher signs a one-year deal to fight for a starting job.

On the day that the San Francisco Giants announced the return of All-Star pitcher Tim Lincecum, the Oakland A's made some pitching news of their own.

Billy Beane announced the signing of veteran and former All-Star picture Bartolo Colon to a one-year deal.

The 38-year-old native of the Dominican Republic picthed for the New York Yankees last season and compiled a 8-10 record with a 4.00 era in 26 starts.

He has an overall record of 161-113 and he was an All-Star in 1998 and 2005. He also won the American League Cy Young Award in 2005.

The signing is in line with the A's history. The team has traded several prominent young players this offseason.

Oakland has a long history of signing veteran players on the downside of their careers to short term deals.

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