Rockies deal Iannetta, sign Hernandez  —  Team acquires Chatwood from Angels; alters catcher corps  —  DENVER — The Rockies acquired right-handed pitcher Tyler Chatwood from the Angels on Wednesday for catcher Chris Iannetta in a deal that increases Colorado's stable of young pitchers …

Red Sox hire Bobby Valentine  —  The Boston Red Sox announced Wednesday night that Bobby Valentine will be introduced as manager Thursday.  —  The team will host a news conference at 5:30 p.m. at Fenway Park to announce Valentine's hire.  —  The hiring comes a little over two months since …

Cubs sign OF David DeJesus  —  The Cubs and outfielder David DeJesus have agreed to terms on a two-year contract with a club option for the 2014 campaign, the team announced on Wednesday.  DeJesus is expected to make $4.25 million in the first two seasons with the option year worth $6.5 million, or a $1.5 million buyout.

Part of dynasty, Bernie leads ballot newcomers  —  Center fielder tallied four rings, displayed grace over 16 seasons … Bernie Williams is already in the Latino Baseball Hall of Fame.  That much was decided in September.  As for that other Hall, you know, the one in the brick building …

Moreland undergoes surgery on right wrist  —  First baseman expected to be ready for start of regular season  —  ARLINGTON — The Rangers are looking at the possibility of first baseman Mitch Moreland not being ready for Spring Training after he underwent surgery on his right wrist on Wednesday.

Slimmer Teixeira seeks improvement vs. righties  —  NEW YORK — Mark Teixeira says that he is already about 10 pounds lighter thanks to diet and exercise, but what the Yankees first baseman really wants to do is bulk up his batting average from the left side.

Competitive Balance Lottery to shake up Draft  —  Small-market, low-revenue teams to get chance at extra picks  —  There's enough information to digest from the new Collective Bargaining Agreement to make Thanksgiving dinner seem like an appetizer.  Getting a grasp on how the First-Year Player Draft …

Royals Designate Jeff Bianchi For Assignment  —  The Royals have designated infielder Jeff Bianchi for assignment to create 40-man roster space for Jonathan Broxton, Jon Paul Morosi of FOX Sports reports (Twitter link).  Kansas City's 40-man roster remains full.

Baseball America honors Melvin  —  By Tom Haudricourt of the Journal Sentinel  —  Just got my new issue of Baseball America in the mail today and it's their annual awards double-issue.  In it, they salute Brewers general manager Doug Melvin as their 2011 major league executive of the year.

Rangers Pursuing Andrew Bailey  —  The Rangers signed Joe Nathan last week, but they're still exploring ways of adding relief help, since they aim to enter the 2012 season with the strongest bullpen possible.  They're one of the teams trying to trade for A's closer Andrew Bailey, according to Ken Rosenthal of FOX Sports.

Arencibia, Lawrie named to Topps Rookie team  —  TORONTO — J.P. Arencibia and Brett Lawrie were named to the 2011 Topps All-Star Rookie Team on Wednesday morning.  —  Arencibia hit .219 with 78 RBIs while setting a Blue Jays franchise record for home runs by a catcher with 23.