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6:05 PM ET, December 31, 2008

Ballbug

 Top News: 
ESPN.com:
Cubs deal versatile DeRosa to Indians  —  CLEVELAND — Mark DeRosa, who had been rumored to be a part of three- and four-team scenarios in the Jake Peavy trade talks is finally headed out of Chicago — but not in a deal for the San Diego Padres' ace.  —  DeRosa has been traded to the Cleveland Indians for three players.
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Gordon Wittenmyer / Chicago Sun Times:
Cubs acquire versatile infielder Miles  —  The Cubs agreed to terms with versatile free agent infielder Aaron Miles on a two-year, $4.9 million contract, adding important depth to the middle infield.  —  Miles, a switch-hitter who spent the past three seasons with St. Louis …
Discussion: Yahoo! Sports and Hire Jim Essian
MLB.com:
Cubs, infielder Aaron Miles agree to two-year contract  —  CHICAGO — The Chicago Cubs and infielder Aaron Miles today agreed to terms on a two-year contract.  Terms of the deal were not disclosed.  —  “We expect Aaron to provide significant versatility and flexibility to our roster,” said Cubs General Manager Jim Hendry.
Anthony Castrovince / MLB.com:
Tribe acquires DeRosa from Cubs  —  Veteran infielder centerpiece of club's four-player deal  —  CLEVELAND — The Indians didn't have the money to fill their infield with an attractive free-agent candidate, but they did have the arms in their farm system to pull off an impactful trade.
ESPN:
Aaron Miles Signs Two-Year Contract with Cubs  —  ESPN 1000 is first to report that infielder Aaron Miles has signed a two-year contract with the Chicago Cubs.  This could be another transaction by Jim Hendry to setup two or three more moves in attempt to solidify his team in 2009.
Tim Dierkes / MLB Rumors:
DeRosa Traded To Indians
Discussion: ESPN and Chicago's Inside Pitch
Tim Dierkes / MLB Rumors:
Cubs Sign Aaron Miles
Discussion: Al's Ramblings
ESPN.com:
Angels, closer Fuentes agree to two-year deal  —  ANAHEIM, Calif. — The Los Angeles Angels might have found their new closer.  —  The Angels and left-hander Brian Fuentes agreed to a two-year, $17.5 million contract.  The contract includes a club option for the 2011 season.
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MLB.com:
Angels agree to terms on two-year contract with free-agent left-handed pitcher Brian Fuentes  —  Contract includes club option For 2011  —  ANAHEIM, CA — The Angels Wednesday agreed to terms on a two-year contract with free agent left-handed pitcher Brian Fuentes.  The contract includes a club option for the 2011 season.
Tim Dierkes / MLB Rumors:
Angels Sign Brian Fuentes  —  By Tim Dierkes [December 31 at 12:46pm CST]  —  12:46pm: Olney has the financials: it's a two-year, $17.5MM deal.  $8.5MM in '09, $9MM in '10, and a $9MM vesting option for '11 based on games finished.  —  12:08pm: According to ESPN's Buster Olney, Brian Fuentes signed a two-year deal with the Angels.
Discussion: Sliding Into Home
John Harper / NY Daily News:
Mets playing Lowe ball  —  More and more it seems it will only be a matter of time before the Mets sign Derek Lowe, the starting pitcher they targeted going into the offseason.  —  Lowe recently told a friend that the Red Sox, who signed Brad Penny to a one-year deal this week …
RELATED:
Mike Puma / New York Post:
REPORT: METS OFFER LOWE $36M
Tom Singer / MLB.com:   Mets extend three-year offer to Lowe
Dan Connolly / Baltimore Sun:
O's, Hendrickson agree to one-year, $1.5M deal  —  Veteran left-hander has a 50-63 record and 5.07 ERA in seven seasons  —  The Orioles officially added a veteran pitcher to their 40-man roster today, announcing that lefty Mark Hendrickson passed his physical and has agreed to a one-year contract worth $1.5 million.
Discussion: Fox Sports and Yahoo! Sports
Associated Press:
Waxman satisfied with answers from MLB, union  —  WASHINGTON (AP) — The House panel that had follow-up questions for baseball about its drug-testing program is satisfied with the sport's answers.  —  Reps. Henry Waxman, D-Calif., and Tom Davis, R-Va., leaders of the House Committee …
Discussion: Yahoo! Sports
Dylan Hernandez / LA Times Sports Blog:
Dodgers sign pitcher Claudio Vargas  —  The Dodgers may have found a pitcher who could take a spot in the back end of their rotation, signing right-hander Claudio Vargas to an incentive-laden, one-year deal.  —  Vargas will be paid a base salary of $400,000 and can earn an additional $1.4 million in incentives.
Discussion: True Blue LA
Ken Gurnick / MLB.com:
Manny's agent contacts Dodgers  —  Boras' interest in outfielder's return to LA shared by GM Colletti  —  LOS ANGELES — The agent for Manny Ramirez contacted the Dodgers on Tuesday, one day after word that the club was considering making a run at free-agent outfielders Adam Dunn and Bobby Abreu.
Discussion: MLB Rumors
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