The deal is believed to be worth more than $10 million.
The Japanese lefty will attend spring training with the Cubs on a minor-league deal in hopes of making the roster.
Venezuelan reliever was sentenced to 14 years in jail in 2006, but had his term shortened for good behavior.
The Atlanta Braves are bringing back the controversial mascot to grace their batting practice hats for the 2013 season.
After 20 years in professional baseball, including a decade in the Majors, "Godzilla" has called it quits
Five-time All-Star Andruw Jones was arrested on Christmas, getting booked by Gwinnett County police outside of Atlanta on a charge of battery.
Brad Corbett, who owned the Texas Rangers from 1974 to 1980, died Christmas Eve at the age of 75. He took a keen interest in the baseball operations of the club, with a penchant for quickly firing managers.