The Rockies intend to exercise their half of Jason Giambi's $1MM mutual option for 2012, reports Troy Renck of the Denver Post. Colorado GM Dan O'Dowd noted the plan earlier this week, with Giambi once again slated to serve as a pinch-hitting option and backup first baseman to Todd Helton.
It seems likely that Giambi will exercise his side of the option, given that he enjoys playing in Colorado so much that he was already talking about re-signing with the Rockies in 2012 if he was traded earlier this season. Giambi has been an unusual fit with the club, given that he and Helton are both left-handed, but Giambi has performed well as a Rockie — he has a .254/.375/.492 line in 405 plate appearances since joining Colorado in August 2009.