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Sources close to Gordon Edes of ESPNBoston.com are saying that Roy Oswalt has elected to sign with the St. Louis Cardinals. The terms of the deal are unknown at this time. Oswalt had received heavy interest from the Red Sox and Tigers, with the Tigers sup (read more)

The San Francisco Giants and pitcher Tim Lincecum have agreed to a two-year, $40.5 million contract extension which avoids an arbitration hearing for both sides, Hank Schulman of the San Francisco Chronicle reports. Lincecum will earn $18MM in 2012 and $2 (read more)

The Philadelphia Phillies have signed slugger Juan Pierre to a minor league deal which includes an invite to Spring Training, Jim Salisbury of CSNPhilly.com reports. Pierre who is known for his speed on the base paths played for the White Sox last season (read more)

The San Francisco Giants have signed Ryan Theriot to a one year $1.25mm deal, Jon Heyman of CBS Sports reports. Theriot can also earn an additional $750k in incentives. Theriot who played second and shortstop for the Cardinals last season, was acquired fr (read more)

The Houston Astros announced that they have signed Zach Duke to a minor league deal with an invite to Spring Training. Last season with the Arizona Diamondbacks, Duke went 3-4 with a 4.93 era while averaging 3.8 k/9, his worst since 2007 with the Pirates( (read more)

The next financial efficiency report we will dive into is the Arizona Diamondbacks. The Diamondbacks finished the regular season with a 94-68 record, eight games ahead of the Giants for the NL West title (their first playoff appearance since 2007). The Di (read more)

The San Francisco Giants have signed reliever Clay Hensley to a one-year deal, Henry Schulman of the San Francisco Chronicle reports. Hensley will make a base salary of $750k with a possible $300k in incentives, but the deal is not guaranteed. This means (read more)

The Cleveland Indians have signed reliever Dan Wheeler to a minor-league deal, Alex Speier of WEEI.com reports. Wheeler posted a 4.38 era and averaged 7 strikeouts per nine innings in 49 1/3 innings for Boston last season. Wheeler made $3mm last season an (read more)

Left-handed pitcher and Cuban native, Gerardo Conception, is close to signing with a Major League team, Enrique Rojas of ESPNDeports.com reports. It was reported earlier this week by Jesse Sanchez of MLB.com that the 18-year–old free agent worked o (read more)

The Washington Nationals have agreed to terms on a one-year deal with right-handed pitcher Brad Lidge, the team announced via Twitter. Lidge will make $1mm next season plus incentives. Lidge who suffered from a rotator cuff injury was limited to only 25 g (read more)

The Toronto Blue Jays have signed Francisco Cordero to a one-year $4.5mm deal, Ken Rosenthal of FOX Sports reports. Last season with the Reds, Cordero saved 37 games and posted a 2.45 era while earning $12mm. He became a free agent when the Reds turned do (read more)

The Tampa Bay Rays have signed Jeff Keppinger to a one-year deal, Jerry Crasnick of ESPN.com reports. Keppinger posted a .277 avg in 399 plate appearances for the Houston Astros and San Francisco Giants in 2011. Image taken by Keith Allison and used under (read more)

The Cincinnati Reds have signed Jeff Francis to a minor league deal, Jon Heyman of CBS Sports reports. Francis can earn $1.5mm if he makes the big league club and can earn an additional $1.75mm based on unknown incentives. Francis also can opt out of his (read more)

The Detroit Tigers and Prince Fielder have agreed to a nine-year, $214 million deal, Jon Heyman of CBSSports.com reports. Fielderwho hit .299 with 38 home runs and 120 RBIs last season will join Miguel Cabrera who led the majors with a .344 average and 48 (read more)

According to an announcement by the Toronto Blue Jays, the team has extended the contract of right-handed pitcher Brandon Morrow for three-years and a total of $20 million. The contract also includes an option for 2015 for $10 million. After confirming t (read more)