Top News:

Bombers Brewin' up 30M offer for Sheets — LAS VEGAS - While most of the attention in the Yankees' universe is focused on CC Sabathia, the Bombers are preparing to make an offer to another free agent pitcher from Milwaukee in the next 72 hours. — According to a source …
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Cubs close to acquiring Jake Peavy — The Jake Peavy-Cubs trade talks have reached a point where it will be a stunner if the Cubs don't acquire Peavy, who immediately would become the best pitcher on a staff that already boasts Carlos Zambrano, Ryan Dempster, Ted Lilly and Rich Harden.

3 UP: K-Rod, Ankiel and Sheets — 1. The Mets are about to get much better in the ninth inning and much worse behaved in the eyes of their most heated rivals. Remember how the Phillies and the rest of the NL East have expressed open distaste for the Mets' prancing style, embodied most by Jose Reyes' gesticulations?

Sox interested in Pavano? (And other whispers . . .) — LAS VEGAS — A few things heard while walking through the Bellagio Hotel early this morning . . . 1. The Red Sox are one of a few teams mentioned by agent Tom O'Connell as interested parties for free agent righthander Carl Pavano, a former Boston farmhand.
Discussion:
MetsBlog.com, MLB Rumors, Bugs & Cranks, sox1fan.com, Siberian Baseball and Tribe Report

Pettitte among options for Sox — LAS VEGAS — Shortly after Theo Epstein met with reporters tonight, an agent walking the hall of the Bellagio resort and casino gave the Red Sox a supreme compliment. — “They explore everything,” said the agent. — Including a name that should be familiar …

Yanks expected to make offer to Sheets — Team met with righty Monday; said to be preparing offer — Though the Yankees are still very much at the center of the talks with free-agent left-hander CC Sabathia, they may be preparing to make a run at another ace — Ben Sheets.
Discussion:
Hot Foot

Mets close to 3-year deal with K-Rod … LAS VEGAS — The Mets appear on the verge of simultaneously interrupting a sluggish baseball market and solving their biggest winter issue. They are closing in on a deal to sign star free-agent closer Francisco Rodriguez.
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METS CLOSE TO SIGNING K-ROD — LAS VEGAS - The Mets were on the brink last night of closing their most important game of the offseason - landing closer Francisco Rodriguez. — Rodriguez's agent, Paul Kinzer, said, “I am more optimistic than I have ever been” about finalizing a deal between the single-season save leader and the Mets.

NEXT MOVE?: Trade could come for closer J.J. Putz or signing Kerry Wood

Rodriguez isn't thrilled by Mets' offer
Discussion:
LA Times Sports Blog, MLB Rumors, Mets Merized Online, New York Post, MetsBlog.com and Lone Star Ball


DeRosa may move to Phillies — Infielder could be instrumental in Cubs obtaining Peavy from Pads — LAS VEGAS — The anticipated absence of Chase Utley for an extended period has prompted the Phillies to become involved in the Cubs' pursuit of Jake Peavy.
Discussion:
Phillies Nation
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Peavy headed to Cubs or back to San Diego
Discussion:
It is about the money, stupid

Red Sox set sights on Teixeira — Buzz up! — LAS VEGAS - He is a decision-maker for a team that wants to be in the mix for free agent Mark Teixeira, but he has no illusions regarding the chances that Teixeira will sign with his team. — “I think he'll sign with the Red Sox,” the official said.
Discussion:
Boston Globe, New York Times, Nationals Journal, LA Times Sports Blog, Red Sox Monster, SOX & Dawgs, Philliesflow.com and MLB Rumors
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Dodgers agree to terms with Loretta — Infielder must pass physical before one-year deal is official — LAS VEGAS — While closing in on re-signing third baseman Casey Blake, the Dodgers further solidified their infield depth Monday night by agreeing to terms with veteran utilityman Mark Loretta …
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Blake, Loretta reach agreements with Dodgers — The Los Angeles Dodgers are expected to announce the signings of Casey Blake and Mark Loretta on Tuesday. — Blake has agreed to a three-year deal worth slightly more than $17.1 million. It's believed the Minnesota Twins had offered …
Discussion:
Inside the Dodgers, Mike Scioscia's Tragic Illness, ESPN, LA Times Sports Blog and Hot Stove Blog

Francoeur for Greinke? — LAS VEGAS — Here are a couple of other things to add to colleague Nick Cafardo's list of items from late last night/this morning: — According to one National League executive, the Kansas City Royals and Atlanta Braves have had serious discussions about a trade …


Dodger notes: Trevor Hoffman, Rafael Furcal and more — The Dodgers are “thinking about” pursuing closer Trevor Hoffman (pictured at right) because of uncertainties about Takashi Saito's health and Jonathan Broxton's ability to handle the role. — Of Broxton, General Manager Ned Colletti said …
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Phils, Mets, Cubs going after Ibanez — The Phillies, Mets and Cubs appear to have separated themselves from the pack of teams pursuing outfielder Raul Ibanez. Ibanez also is on the radar screen of the Braves and Angels. But the Braves have their pursuit of all their outfield options …
Discussion:
Amazin' Avenue


Brewers finalize deal with Lamb — Third baseman seems likely to platoon with incumbent Hall — LAS VEGAS — The Brewers closed the deal with free-agent third baseman Mike Lamb on Tuesday morning, inking the veteran to a one-year contract that had been in the works for several days.

Tigers, Mariners actively discussing Putz trade — LAS VEGAS - This morning, the Tigers and Seattle Mariners have discussed a trade that would bring closer J.J. Putz back to his home state. — It's not clear if the clubs are close to a deal, but the talks appear to be ongoing.