The Cleveland Indians announced on Saturday that Jim Thome, the club's all-time home run leader, will sign an honorary contract with the team and officially retire.

The Indians unveiled Thome's statue earlier Saturday in Heritage Park, in center field at Progressive Field. The statue features Thome in his signature pose, with him pointing to center field with his bat. The Indians also placed a marker in center field, at the spot where his 511-foot homer -- the longest in the ballpark's history -- landed on July 3, 1999.

Thome spent 12 of his 22-year major-league career with the Indians. His 337 home runs are the most in franchise history. He hit 30 or more homers seven times in that span -- including 40 or more three times -- and drove in 100 or more runs six times. Thome also is the club's all-time walks leader with 1,008.

Thome ranks in the Indians' all-time top 10 in several offensive categories including RBIs, on-base percentage, slugging percentage, OPS, runs and doubles.

As an Indian, Thome made three All-Star teams and finished in the top 10 in MVP voting three times.

Overall, Thome batted .276 with a .402 on-base percentage. His 612 home runs ranks seventh all-time. He also ranks seventh with 1,747 walks.

Thome last played in 2012. He batted .257 with a .348 on-base percentage, eight home runs and 25 RBIs in 58 games with the Philadelphia Phillies and Baltimore Orioles.