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3:05 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.
RELATED:
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 …
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.
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.
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.
RELATED:
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:
Jack Curry / New York Times:
Mets Offer Lowe a 3-Year Deal  —  The Mets have offered the free-agent pitcher Derek Lowe a three-year contract for about $36 million, according to people who have been briefed on the discussions.  —  As the Mets try to add another starter, they have concentrated on Lowe, 35, as their No. 1 option over Oliver Pérez.
Mike Puma / New York Post:
REPORT: METS OFFER LOWE $36M  —  The Mets are moving along negotiations with Derek Lowe, reportedly with a three-year offer in the $36 million range for the free-agent pitcher.  —  That isn't nearly in line with the four-or five-year deal at around $15 million per season that Lowe's agent …
Tom Singer / MLB.com:   Mets extend three-year offer to Lowe
Troy Renck / All Things Rockies:
Rox add former utilityman Luis Gonzalez to bench mix  —  Among improvements general manager Dan O'Dowd and manager Clint Hurdle identified as necessary for the 2009 Rockies: a better reserve clause.  —  Colorado has added an interesting candidate to the bench mix, bringing …
RELATED:
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
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
Bill Shaikin / Los Angeles Times:
Manny Ramirez's agent contacts the Dodgers  —  Negotiations for slugger appear to be underway again as Scott Boras gets in touch with team after General Manager Ned Colletti says Ramirez remains the club's ‘first choice.’  —  The Dodgers' on-again, off-again negotiations with Manny Ramirez appear to be on again.
RELATED:
Ken Gurnick / MLB.com:
Manny's agent contacts Dodgers
Discussion: MLB Rumors
 
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