He can receive an extra $4 million due to performance-based incentives, giving him $9 million for the year as the possibility.
The 29-year-old was garnering a bunch of interest so far this off-season, with over eight teams interested, but however decided to stay with the club.
"The Indians came at us with an aggressive offer,'' agent Joe Urbon said. "Grady has always maintained that he would be interested in returning to Cleveland.''
Sizemore was injured a lot through last year, but finished with a .224 batting average with ten home runs in 71 games.
Sizemore is also a three-time All-Star and a two-time Gold Glove winner.
