Update: MLB.com’s Atlanta beat writer Mark Bowman claims the Braves are NOT in fact interested in Penny stating:

“contrary to an ESPN.com report, a Major League source said that the Braves don’t have any interest in acquiring Brad Penny from the Red Sox. ” and that “the Braves won’t be among the teams showing interest in the big right-hander. “

The Atlanta Braves are interested in acquiring Boston Red Sox pitcher Brad Penny, according to unnamed sources cited by ESPN’s Buster Olney.

Penny’s name has been floated in just about every rumor involving the Red Sox but it appears there may be something to this one as the Red Sox have been evaluating Brave outfielder Jeff Francoeur.

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The Atlanta Braves offense got a boost today when the team traded for Pitsburgh Pirates All-Star outfielder, Nate McLouth.

In exchange, the Pirates receive outfield prospect Gorkys Hernandez, who had been ranked towards the top of Atlanta’s farm system, as well as pitchers Charlie Morton and Jeff Locke.

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The St. Louis Cardinals have reportedly traded outfielder Brian Barton to the Atlanta Braves for right handed reliever Blaine Boyer.
Barton was fairly productive last year for the Cardinals playing largely in a utility role in the outfield. Batting .268 last year and providing speed off the bench, Barton will likely prove useful for the Braves [...]

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The Atlanta Braves have once again reportedly reached an agreement with a free agent. For the Braves’ sake, let’s hope this one sticks.

ESPN.com is reporting that the Braves have signed Garret Anderson to a one year deal for $2.5 million with the announcement coming tomorrow.

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The Atlanta Braves are believed to be making a late run at signing free agent Ken Griffey Jr. according to the Atlanta Journal-Constitution.

Atlanta has been looking for an outfield bat during the offseason, and Griffey could be a great fit, at least against right handed pitching.

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The Los Angeles Angels seem to be close to landing free agent slugger Bobby Abreu to a one year deal.

Abreu initially sought a three year deal in the neighborhood of $48 million, however as the economic reality of this offseason set in, it became clear that the outfielder would have to settle for something drastically less.

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Just over a year after signing the free agent outfielder, the Los Angeles Dodgers have released former All Star Andruw Jones. The two year, $36.2 million deal goes down as one of the more memorable busts in recent years, after Jones batted just .158 for the Dodgers in 75 games.

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Despite a recent report, the Yankees and Brewers were apparently not in discussions to swap Nick Swisher for Mike Cameron. Buster Olney goes so far as to say that the two teams haven’t talked since the Winter Meetings.

And, while the Swisher for Cameron rumor proved to be less than accurate, the Yankees are looking to deal from their depth in the outfield, and according to Ken Rosenthal (4nd paragraph) have had talks with the Altanta Braves about either Swisher or Xavier Nady.

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The Atlanta Braves have reportedly inked free agent pitcher Derek Lowe to a 4 year deal worth $60 million and also signed Japanese pitcher Kenshin Kawakami to a three year deal.

Lowe, who went 14-11 with a 3.24 ERA last year for the Dodgers joins a Braves staff that will be without ace Tim Hudson for at least the first half of the year and recently lost Mike Hampton and John Smoltz to free agency.

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The Boston Red Sox appear to be on the verge of signing both John Smoltz and Rocco Baldelli to one year deals with a heavy emphasis on performance incentives.

Smoltz and the Sox have reportedly agreed to a one year deal for the veteran pitcher who is coming off shoulder surgery last June. The deal will pay the long time Brave a guaranteed $5.5 million and include incentives that could be worth up to $5 million more.

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