Crisp's option is for $7.5 million with a $1 million buyout.
Crisp, who generated inquiries to varying levels from about half of the major-league clubs this winter, decided last weekend to stay put with the A's. While he hoped to go to a contender, he did want to play on the West Coast and had a familiarity with the rebuilding club.
The A's already lost left fielder and slugger Josh Willingham and right fielder David DeJesus in free agency earlier this offseason, then outfielder Ryan Sweeney was traded to the Boston Red Sox last week along with All-Star closer Andrew Bailey.
In the case of Crisp, general manager Billy Beane was able to re-sign one of his free agents -- which has to be reassuring to fans who have watched so many stars go elsewhere in recent years and months.
On Tuesday, the A's announced they had traded outfielder Jai Miller to the Baltimore Orioles for cash considerations. Miller was designated for assignment by Oakland on Dec. 23 after the A's received four players in a trade with Washington that sent starting pitcher Gio Gonzalez to the Nationals.
The 32-year-old Crisp has batted .269 with 16 home runs, 92 RBI, nine triples and 81 stolen bases in his two seasons with Oakland, which is in rebuilding mode in hopes of being able to relocate to San Jose, construct a new ballpark and become a big spender -- though the San Francisco Giants hold the territorial rights to Santa Clara County. As is customary with the low-budget A's, Oakland has unloaded several star players lately, including starting pitchers Gonzalez and Trevor Cahill, Bailey and fellow reliever Craig Breslow.
Crisp is likely to have newly acquired Josh Reddick playing alongside him. Reddick came to the A's in the trade with Boston last week.
The 24-year-old Reddick, who began last season at Triple-A Pawtucket before being promoted in late May, batted .280 with seven homers and 28 RBI in 87 games for the Red Sox in 2011. He can play any outfield spot.
Crisp played his first four seasons with Cleveland three in Boston and one in Kansas City prior to joining the A's. He appeared in only 75 games during an injury-plagued 2010 season, but made the most of his chances when he was healthy. The A's exercised their $5.75 million option on Crisp for 2011, when he rebounded to play in 136 games and stole a career-high 49 bases and was caught stealing nine times.
The A's went 74-88 last season but made strides after Bob Melvin came aboard as manager in June in place of Bob Geren. They haven't posted a winning record or earned a playoff berth since being swept in the 2006 AL championship series by Detroit.
In 2010, Crisp went on the disabled list in April with a broken pinkie finger and was placed on the DL again in May with a strained ribcage muscle. Crisp broke the pinkie a second time on Sept. 18 and missed the remainder of the season.