Per multiple sources, the Podsednik contract is a one year deal, with an option for a second. Unclear on what kind of option and how much money at this point. However, according to Mellinger, the option is "complicated".
You can probably guess my reaction, although if we escape with only a one year commitment here, I'm happy. At this point, I'm more bummed for Mitch Maier than anything else. Consider it the scrub cycle: I root for these guys at the beginning, when they really need a break to have careers and truly cash in, and when they're at a point age wise when they might surprise a little. Podzilla was that guy six or seven years ago. Not now.
(And read Matt's take now at fangraphs, if you haven't already.)