Lind, 32, is scheduled to make $8 million next season. The Brewers could have bought him out for $500,000.
Lind was acquired before last season in a trade that sent pitcher Marco Estrada to the Toronto Blue Jays. He finished 2015 with a .277 average, 32 doubles, 20 home runs and 87 RBIs in 149 games. He started a career-high 134 games at first base.
The 10-year veteran has a .274 average, 166 home runs and 606 RBIs in 1,102 career games.