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All you need to know: MLB rumors, news roundup for Jan. 22

By Mike Axisa | Baseball Writer

The Padres added a shutdown lefty reliever on Wednesday.
The Padres added a shutdown lefty reliever on Wednesday. (USATSI)

MORE: FA tracker: position players | FA tracker: pitchers

With a little more than two days to spare in his 30-day signing period, Masahiro Tanaka agreed to a seven-year contract worth $155 million with the Yankees on Wednesday. Add the $20 million release fee and the team's total financial commitment is $175 million. Needless to say, the new posting system inflated his salary substantially.

Now that Tanaka is off the board, the rest of the pitching market should begin to take shape. Interest in Matt Garza, Ubaldo Jimenez and Ervin Santana figures to heat up and all three could sign within a week or two. Pitchers and catchers are due to report in only three weeks or so, after all. Here's a recap of Wednesday's hot stove news.

TRADES

Padres: Acquired LHP Alex Torres and RHP Jesse Hahn from the Rays for UTIL Logan Forsythe, RHP Brad Boxberger, IF Maxx Tissenbaum, RHP Matt Andriese and RHP Matt Lollis.

FREE AGENT SIGNINGS

Angels: Signed 3B Ian Stewart to a minor league contract with an invitation to spring training. (Orange County Register)

Athletics: Signed LHP Eric O'Flaherty to a two-year, $7 million contract. He's returning from Tommy John surgery.

Dodgers: Agreed to a minor league contract with UTIL Chone Figgins. He also receives an invitation to spring training.

Red Sox: Agreed to a one-year deal with OF Grady Sizemore. The base salary is only $750,000 but incentives could push the total value to $6 million.

Yankees: Signed RHP Masahiro Tanaka to a seven-year, $155 million contract. The deal includes an opt-out clause after the fourth year.

AVOIDED ARBITRATION

Mets: Agreed to a one-year deal worth $1.6375 million with 1B/OF Lucas Duda. (New York Post)

Royals: Signed OF Justin Maxwell to a one-year contract worth $1.325 million, the team announced.

ROSTER CUTS

Athletics: Designated OF Corey Brown for assignment, the team announced. The move opens a 40-man roster spot for O'Flaherty.

Red Sox: Designated RHP Brayan Villarreal for assignment, the team announced. The move clears a 40-man roster spot for Sizemore.

Yankees: Designated LHP David Huff for assignment, the team announced. The move opens a roster spot for Tanaka.

MISC. TANAKA

Angels: GM Jerry Dipoto confirmed that while they had interest in Tanaka, they never made a formal offer and were never seriously involved. (MLB.com)

Astros: Their offer exceeded $100 million and Roger Clemens was part of the contingent that met with Tanaka in Los Angeles a few weeks ago. (MLB.com)

Blue Jays: Had interest in Tanaka but there was "no way they could compete" once it became clear it would take seven years to sign him. (National Post)

Cubs: They were the runner-up, but the fact that they are not ready to contend in 2014 hurt their cause. (CSN Chicago)

Dodgers: They drew a financial line and were unwilling to up their offer. "We went as far as we thought we could go," said GM Ned Colletti. (Los Angeles Times)

White Sox: GM Rick Hahn confirmed the team's pursuit of Tanaka but said the money reached a point where they weren't comfortable. (CSN Chicago)

RUMORS & SPECULATION

Angels: Dipoto said the Angels are not currently looking for relievers "with closer experience." (Orange County Register)

Cubs: Remain interested in adding a starter but will likely seek a minor league deal. They aren't interested in a reunion with RHP Scott Baker. (ESPN Chicago)

Orioles: Found an issue in OF Tyler Colvin's physical exam and the deal is on hold for the time being. Their contract with Grant Balfour fell apart a few weeks following a problem with his physical. (ESPN)

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