All you need to know: MLB rumors, news roundup for Jan. 29

Lance Berkman is finally calling it a career.
Lance Berkman is finally calling it a career. (USATSI)

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

We're still waiting for most of the big name pitching free agents to sign, and that should happen soon since pitchers and catchers are due to start reporting in two weeks or so. Here's a recap of Wednesday's hot stove action.

RETIREMENTS

1B/OF Lance Berkman : Announced his retirement after years of knee problems.

TRADES

Kansas City Royals : Acquired OF Carlos Peguero from the Seattle Mariners for cash considerations, the team announced.

FREE AGENT SIGNINGS

Los Angeles Angels : Signed 1B/3B Chad Tracy to a minor league deal with an invitation to spring training.

Mariners: Signed RHP Scott Baker to a minor league contract with an invitation to spring training. He will earn a $1 million base salary if he makes the team, and the deal includes incentives worth another $3.25 million. (MLB Daily Dish)

Baltimore Orioles : Signed UTIL Chad Tracy to a minor league deal. He is the son of former Los Angeles Dodgers and Colorado Rockies manager Jim Tracy but no relation to the player who signed with the Angels.

Cincinnati Reds : Signed IF Ramon Santiago to a minor league contract with an invitation to spring training. (Jon Heyman)

Minnesota Twins : Signed RHP Matt Guerrier to a minor league contract with an invitation to spring training, the team announced.

AVOIDED ARBITRATION

St. Louis Cardinals : Signed IF Daniel Descalso to a one-year contract worth $1.29 million, plus performance bonuses. (Fox Sports)

Chicago Cubs : Signed OF Justin Ruggiano to a one-year deal worth $2 million. (New York Post)

WAIVER CLAIMS

Texas Rangers : Claimed LHP Pedro Figueroa off waivers from the Tampa Bay Rays , the team announced.

ROSTER CUTS

Rangers: Designated RHP Chaz Roe for assignment, the team announced. The move clears a 40-man roster spot for Figueroa.

Royals: Designated RHP Everett Teaford for assignment, the team announced. The move clears a roster spot for Peguero.

RUMORS & SPECULATION

RHP Bronson Arroyo : Confirmed that no team has even made him an offer yet.

RHP Ryan Madson: Will hold a public workout for teams on Feb 7. He has not pitched since 2011 due to continued elbow problems. (ESPN)

DH David Ortiz : Seeking only a one-year extension from the Boston Red Sox . (WEEI.com)

Twins: Keeping tabs on OF Nelson Cruz , but they are a long shot to land him unless his price drops. (1500 ESPN)

CBS Sports Writer

Mike Axisa joined CBS Sports in 2013. He has been a member of the BBWAA since 2015 and has previously written about both fantasy baseball and real life baseball for MLBTradeRumors.com, FanGraphs.com, RotoAuthority.com,... Full Bio

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