Reds To Sign Ryan Madson  —  WEDNESDAY: The Madson contract appears to be worth less than initially reported, as ESPN's Jerry Crasnick tweets that it's a one-year, $8.5MM deal.  —  TUESDAY: If any doubt remained about the Reds' intentions for the 2012 season, it disappeared this evening — they're going for it.

NY Mets close to raising $100 million in minority shares of club; Miguel Batista and Fernando Cabrera agree to minor-league deals  —  Plan to put the $100 million toward their $350 million debt  —  Mr. Met approves as Daily News learns that Mets are close to finalizing sale of at least five $20 million shares in team.

Dodgers settle with Fox, ending battle over TV rights sale  —  The Dodgers and Fox Sports ended their legal hostilities Tuesday night, with the team agreeing to abandon its proposed sale of television rights and Fox agreeing to withdraw its objection to the settlement between Major League Baseball and outgoing owner Frank McCourt.

Pedro Martinez on The Big Show: Of MVP and Cy Young snubs, the Steroid Era, and Boston's everlasting place in his heart  —  Former Red Sox great Pedro Martinez joined The Big Show on Tuesday to discuss his career in Boston, which featured what some consider to be the most dominant stretch by a pitcher in major league history.

With pieces in place, Halos likely done shopping  —  GM Dipoto not expecting to make any more ‘significant additions’  —  ANAHEIM — Shortly after taking part in an informal luncheon to celebrate Howie Kendrick's four-year, $33.5 million extension on Tuesday, general manager Jerry Dipoto …

Source: Selig to be offered contract extension  —  Baseball commissioner Bud Selig will be offered an extension to his current contract, a highly placed source said, and baseball executives presume Selig will continue in the job.  —  Selig, 77, has one more year remaining on his current contract.

Mariners Sign Aaron Heilman  —  The Mariners have signed Aaron Heilman to a minor league deal that includes an invitation to Spring Training, the team announced.  Frontline represents the 33-year-old right-hander.  ESPN.com's Jerry Crasnick first reported the move on Twitter.

Boras: Pena, Damon remain in play for Rays  —  1B Carlos Pena and DH Johnny Damon remain possibilities to fill the' Rays openings for two hitters, agent Scott Boras said Tuesday, but both have interest from other teams.  —  “I think the Rays need offense,” Boras said.  “And both players enjoyed playing there.”

The battle over Jeff Bagwell  —  Buster Olney writes that Jeff Bagwell is seemingly close to the Hall of Fame — earning 56 percent of the votes this year — but yet so far because of the ramifications of his era and PED suspicions that some writers can't seem to overlook.