Source: Red Sox would have to move payroll in order to sign Roy Oswalt  —  Despite a FoxSports.com report that the Red Sox have “maintained active dialogue” with Roy Oswalt's agent, Bob Garber, the likelihood of the team signing the 34-year-old remains in doubt.

Rockies trade Smith to Oakland for two pitchers; offer deal to Jamie Moyer  —  Seth Smith spent the winter in wonderland.  On Monday, the questions and uncertainty ended.  —  With the outfielder viewed as a luxury item after the signing of free agent Michael Cuddyer, Smith was traded …

Yankees eye Damon as DH  —  With the Yankees in the market for a designated hitter now that Jesus Montero is heading to Seattle, they are looking at a number of options and reportedly already reached out to Johnny Damon and Carlos Pena.  —  Since they already added $10 million to the payroll …

Tigers Avoid Arbitration With Rick Porcello  —  The Tigers avoided arbitration with starter Rick Porcello, MLBTR has learned, agreeing to a one-year deal worth $3.1MM.  Porcello recently made the easy decision to take arbitration over a $1.344MM option in the Major League deal he signed when drafted.

Report: Angel Pagan, Giants agree  —  SAN FRANCSICO — The San Francisco Giants and outfielder Angel Pagan agreed to a $4.85 million, one-year contract that avoided arbitration, a person with knowledge of the negotiations said.  —  The person spoke on condition of anonymity Monday because the club hadn't formally announced the deal.

Puerto Rico Traces Decline in Prospects to Baseball Draft  —  Ivan Rodriguez at bat.  Mr. Rodriguez, 41, is currently a free agent and playing for one of the Puerto Rican Winter League's four teams.  He is the last active Puerto Rican major leaguer to avoid the draft.  More Photos »

Howell deal set for $1.35M, 4 still arbitration eligible  —  LHP J.P. Howell and the Rays are finalizing a one-year deal for $1.35-million to avoid arbitration.  —  Howell also gets incentive bonuses for 45 and 60 innings pitched, which can push the total value to $1.4-million.

Hanrahan, Morton get deals to avoid arbitration  —  The Pirates reached deals with closer Joel Hanrahan and starter Charlie Morton on Monday, avoiding arbitration with both players.  Hanrahan's deal is worth $4.1 million, and Morton will receive $2.445 million next season.

Josh Hamilton's father-in-law backs out  —  Michael Dean Chadwick has reconsidered being the accountability partner to son-in-law Josh Hamilton because of family considerations.  Hamilton said over the weekend that Chadwick, who lives in North Carolina, has a daughter who is finishing up high school.