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Los Angeles, CA (SportsNetwork.com) - The Los Angeles Dodgers made it official on Saturday and re-signed pitcher Brian Wilson to a one-year contract with a player option for 2015.

Financial terms were not disclosed, but the Los Angeles Times said the deal is for $10 million in 2014 with the option set at $8.5 million plus incentives that could also make the 2015 package worth a total of $10 million.

After missing nearly all of the 2012 season with an elbow injury that eventually required surgery, Wilson signed with the Dodgers last year after spending his first seven major league seasons with the rival San Francisco Giants.

The 31-year-old right-hander appeared in 18 games down the stretch for the Dodgers and was a valuable bullpen arm for the NL West champions, going 2-1 with a 0.66 ERA. He also pitched six scoreless innings in six postseason appearances and hasn't allowed an earned run in 17 2/3 career postseason innings.

"After how well Brian pitched down the stretch and in the postseason, we are very pleased he is returning," said Dodgers general manager Ned Colletti. "He's a proven veteran with a history of success in high-leverage situations."

Wilson led the NL with 48 saves in 2010 and closed out San Francisco's clinching victory in Game 5 of that year's World Series against the Texas Rangers. He pitched in just two games with the Giants in 2012 before being diagnosed with a torn ulnar collateral ligament.

The three-time All-Star has 171 career saves with a record of 22-21 and a 3.10 ERA in 333 career games with the Giants and Dodgers over eight big league seasons.