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 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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The New York Yankees have reportedly reached an agreement with free agent first baseman Mark Teixeira on an eight year deal worth $180 million.

The Yankees’ bitter rivals, the Boston Red Sox had been favored to land the slugger but the Bronx Bombers once again won the war of the pocketbooks. Teixeira’s deal takes the Yankees’ off season tab up to $423.5 million to three players over an 8 year period, and also gives the team famous for it’s spending, the 4 highest paid players in the game (Teixeira, Sabathia, Jeter, and Rodriguez).

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The Cleveland Indians have reportedly agreed to terms on a two year deal with former Cubs closer, Kerry Wood. The deal is believed to be worth nearly $20 million and have a vesting option for a third should the oft-injured pitcher reach certain performance incentives.

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Several sources are reporting that the New York Mets have signed free agent closer Francisco Rodriguez to a three year deal worth $37 million with a vesting option for a 4th year at $14 million. The former Angels closer had originally been seeking a 5 year deal worth $75 million and his signing may be the strongest signal yet of the impact the economy is having on the free agent market.

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Now that the Phillies have declined to offer free agent Pat Burrell arbitration, several teams have picked up their pursuit of the slugger, including the Seattle Mariners, Los Angeles Angels, and San Francisco Giants according to MLB.com’s Ken Mandel. Mandel also mentions that Burrell grew up in the Bay Area and implies that the Giants may be the favorites to land the outfielder.

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Teams have until midnight eastern time tonight to extend offers of arbitration to their free agents and I’ll be updating this page as often as news becomes available about teams’ arbitration actions.

Update

The offers are all in, and according to the AP only 24 players were offered arbitration. The list is as follows:

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Orange County Register reporter, Randy Youngman, doesn’t think free agent slugger Mark Teixeira will be back with the Los Angeles Angels next year. He calls it a “gut feeling” and mentions that the people he talks to within the Angels organization don’t seem optimistic about the slugger’s return. Instead, Youngman predicts, Teixeira will sign with [...]

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The Los Angeles Angels of Aneheim (seriously when are they going to change that ridiculous name?) have traded for one of the best available hitters, the Braves’ Mark Teixeira. The Braves have fallen out of the pennant race and became sellers for the first time in nearly a decade. Teixeira, who will be a free [...]

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The writing has certainly been on the wall for Brandon Inge since the Tigers acquired third basemen Miguel Cabrera. And now, it appears that Inge has requested a trade. The Detroit Free Press is reporting that Inge asked the Tigers to move him saying that he’d rather start somewhere else than remain in Detroit.
Several teams [...]

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