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3:50 PM ET, January 19, 2009

Ballbug

 Top News: 
Jayson Stark / ESPN:
Source: Phils to sign Madson for 3 years  —  One day after locking up No. 1 starter Cole Hamels for the next three years, the Philadelphia Phillies are on the verge of doing the same with their top set-up man, Ryan Madson.  —  Madson  —  The team and Madson have agreed to a three-year …
Discussion: Mets Merized Online and MLB Rumors
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Inquirer Online Desk / Philly.com:
Phillies, Madson reach 3-year extension deal  —  Inquirer staff writer Jim Salisbury reports:  —  The Phillies and righthanded reliever Ryan Madson have reached agreement on a three-year contract extension, The Inquirer learned today.  The deal, which is pending a physical exam, is believed to be for $12 million, with incentives.
Jayson Stark / ESPN:
Hernandez gets $3.8 million from M's  —  The Seattle Mariners have signed pitcher Felix Hernandez, who was eligible for arbitration for the first time, to a one-year contract worth $3.8 million.  —  The Mariners and the right-hander have explored multiyear deals over the last two offseasons, but without success.
Joe Frisaro / MLB.com:
Marlins find slim pickings behind plate  —  Florida has Baker, but is hoping to land experienced depth  —  MIAMI — Speculation has the Marlins weighing whether to pursue Andruw Jones, but according to a baseball source, the team's bigger priority remains finding catching depth.
Discussion: MLB Rumors and Phillies Nation
MLB.com:
Cards Agree to Terms with Wellemeyer and Duncan  —  The St. Louis Cardinals agreed to terms today with pitcher Todd Wellemeyer and outfielder Chris Duncan, avoiding salary arbitration with both players.  Financial terms of the contracts were not released.  —  Wellemeyer and Duncan represent …
Discussion: Yahoo! Sports and MLB Rumors
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Jayson Stark / ESPN:
Source: Rockies sign RHP Street  —  The Colorado Rockies have signed right-handed reliever Huston Street to a one-year, $4.5 million contract to avoid arbitration, a Major League Baseball source said Monday.  —  Street  —  The deal also includes All-Star and award bonuses.
Discussion: Baseball Musings and MLB Rumors
Maury Brown / The Biz of Baseball:
Understanding the Real Value of MLBAM and MLB Network  —  On New Year's Day, approximately 50 million households witnessed the largest cable channel launch to date in the MLB Network, and with it, a new spigot of revenues for the league was born.  And, much like MLB Advanced Media …
Discussion: Baseball Musings
Paul Sullivan / Chicago Tribune:
Wrigley seat licenses?  —  Selling seat licenses was termed a “possibility” by Cubs management  —  Most of the first two days of the 2009 Cubs Convention were devoted to dissecting the painful past and looking ahead to the potential of a better ending next October.
Discussion: Hardball Times
RELATED:
Carrie Muskat / MLB.com:
Wood thanks fans in Chicago papers
Discussion: Church of Baseball
Larry Stone / Seattle Times:
Edgar Martinez is eligible for the Hall of Fame starting with the 2010 ballot  —  Edgar Martinez is on the Cooperstown clock.  —  The beloved ex-Mariner can hardly believe his five-year waiting period for Hall of Fame consideration will expire after the 2009 season.
Barry M. Bloom / MLB.com:
Classic rosters to be released today  —  Event marks 45 days to the start of the international tournament  —  Provisional 45-man rosters for each of the 16 teams participating in the World Baseball Classic will be released today at 6 p.m. ET.  That will mark 45 days to the start of the tournament …
Anthony McCarron / NY Daily News:
Zim: I've recovered from stroke  —  Despite a recent health scare, Don Zimmer believes he'll be back in uniform next month to add another digit to his Rays' jersey number and bring it to 61 - one for each season he's been in baseball.  —  Last month, Zimmer says he suffered a “small stroke” …
Discussion: New Jersey Online
Dylan Hernandez / LA Times Sports Blog:
Dodgers avoid arbitration with Jason Repko  —  The Dodgers avoided arbitration with outfielder Jason Repko, signing him to a one-year, $500,000 contract.  The deal includes $87,500 in incentives based on plate appearances.  —  Repko, 28, might figure into the Dodgers' plans if they fail to re-sign Manny Ramirez.
Discussion: MLB.com and MLB Rumors
Carrie Muskat / MLB.com:
Cubs deal Pie to O's for lefty Olson  —  Outfield prospect struggled during two seasons in Chicago  —  CHICAGO — It's time for Felix Pie to move on.  —  On Sunday, the Cubs dealt the outfielder to the Baltimore Orioles for two pitchers, left-hander Garrett Olson and right-hander Henry Williamson.
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 More News: 
Sean McAdam / Boston Herald:
Jason Varitek's catch-22
Mark Sheldon / MLB.com:
Reds look to fine-tune their pitching
Discussion: Redleg Nation
Derek Carty / Hardball Times:
Smoke and mirrors: Robinson Cano
Discussion: iYankees
Robert Macleod / Globe and Mail:
Jays bring back League
Discussion: Yahoo! Sports and MLB Rumors
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