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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 that Hensley will have to earn a spot in the bullpen out of Spring Training.

Last year with the Marlins, Hensley posted a 5.19 era and 6.1 k/9 in 67 2/3 innings. Hensley also made $1.4mm last season.

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Categories : free-agent

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 and became a free agent when Boston declined his $3mm team option for 2012.

Speier also notes that the Red Sox will not receive compensation for Wheeler signing with the Indians even though he is a type B free agent because he signed a minor league deal.

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Categories : free-agent

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 out in front of the Texas Rangers.

The New York Yankees, Chicago White Sox, Miami Marlins, Philadelphia Phillies, San Francisco Giants, Toronto Blue Jays, Boston Red Sox and Kansas City Royals have also shown interest.

“Everything is great. I really don’t know how to describe it,” Concepcion, 18, said by phone from the Dominican Republic. “All the training and exercise I have done is paying off. I’ve worked so hard to get here. I’m so happy. It’s like a dream come true.”

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Categories : free-agent

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 games last season and posted a 1.41 era for the Phillies.

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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 down his $12mm option.

In 13 career seasons, Cordero owns a 3.17 era and averages 8.8 strikeouts per 9 innings.

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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.

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Categories : free-agent

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 deal with the Reds on March 28.

In 2011 with the Royals, Francis went 6-16 with a 4.82 era.

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Categories : free-agent

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.

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Categories : contract

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 doubles, 30 homers and drove in 105 runs as one of the most feared 3-4 hitters in all of the game.

Tim Brown of Yahoo Sports, first reported that the sides were nearing a nine-year deal earlier today.

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Categories : free-agent

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 the contract, Morrow has also agreed to make a yearly donation to the Jays Care Foundation.

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