The Cubs come to an agreement with the 29-year-old on a one-year contract worth $10.25 million.
The San Francisco Giants have agreed to a three-year, $15 million extension with Santiago Casilla.
The Kansas City Royals traded four prospects to the Tampa Bay Rays for James Shields, Wade Davis, and a player to be named later or cash.
The set-up man will receive $5.45 million between 2013 and 2014.
The Twins are listening to offers on two of their franchise cornerstones.
The right-hander has been extended an invitation to spring training.
The Mets are shopping the Cy Young winner while they work on a potential extension.
The right-hander's services are being hotly contested on the market.
The right-hander, displeased with the Marlins' fire sale, would like to be traded.
James Loney would take over for Carlos Pena as Tampa's starting first baseman.
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