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5:35 PM ET, January 19, 2009

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 Top News: 
Roch Kubatko / MASNsports.com:
Another trade (updated again)  —  The Orioles have dealt reliever Randor Bierd, last year's Rule 5 pick, to the Boston Red Sox for right-hander David Pauley.  —  At least the teams aren't afraid to trade within the division.  —  The San Diego Padres selected Pauley, 25, in the eighth round of the 2001 draft.
RELATED:
Jeff Zrebiec / Baltimore Sun:
O's lock up Markakis  —  Sources: Club finalizes six-year, $66 million extension with right fielder  —  The Orioles have finalized a six-year, $66 million contract extension with outfielder Nick Markakis, according to baseball sources.  Markakis will be in Baltimore later this week to take a routine physical and to sign the contract.
ESPN.com:
Sources: O's, Markakis agree to $66M extension  —  The Baltimore Orioles have rewarded their top young hitter with a long-term extension.  —  The Orioles and outfielder Nick Markakis agreed to a six-year, $66 million extension, pending a physical, sources told ESPN The Magazine's Buster Olney.
Jayson Stark / ESPN:
ChiSox sign Jenks for 1-year, $5.6M  —  The White Sox have signed closer Bobby Jenks to a record-setting one-year, $5.6 million contract.  —  Jenks  —  The $5.6 million is the highest salary in history by a closer who was arbitration-eligible for the first time, at least for the moment.
RELATED:
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.
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: MLB Rumors and Mets Merized Online
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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.
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
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
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
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
RELATED:
Troy Renck / All Things Rockies:
De La Rosa avoids arb with $2 million deal  —  The Rockies have only had three arbitration hearings in franchise history, and they took two steps toward avoiding that process again Monday.  Just hours after wrapping up a deal with Huston Street, Colorado avoided arbitration …
Discussion: MLB Rumors
 
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 More News: 
Barry M. Bloom / MLB.com:
Classic rosters to be released today
Sean McAdam / Boston Herald:
Jason Varitek's catch-22
Maury Brown / The Biz of Baseball:
Understanding the Real Value of MLBAM and MLB Network
Discussion: Baseball Musings
Mark Sheldon / MLB.com:
Reds look to fine-tune their pitching
Discussion: Redleg Nation
Derek Carty / Hardball Times:
Smoke and mirrors: Robinson Cano
Discussion: Zell's Pinstripe Blog and iYankees
Robert Macleod / Globe and Mail:
Jays bring back League
Discussion: Yahoo! Sports and MLB Rumors
 Earlier Picks: 
Bryan Hoch / MLB.com:
CC ready for pressure of being NY ace
Dylan Hernandez / LA Times Sports Blog:
Dodgers avoid arbitration with Jason Repko
Discussion: MLB.com and MLB Rumors
Paul Sullivan / Chicago Tribune:
Wrigley seat licenses?
Discussion: Hardball Times
Larry Stone / Seattle Times:
Edgar Martinez is eligible for the Hall of Fame starting with the 2010 ballot
Carrie Muskat / MLB.com:
Cubs deal Pie to O's for lefty Olson
 

 
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