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Brad Penny has signed a one-year deal with Japan’s Softbank Hawks, according to the San Diego Tribune. The deal is for $4mm and includes $3.5mm in performance bonuses and a $4.5mm mutual option for 2013 (contract info provided by Ken Rosenthal fo FO (read more)

The next financial efficiency report will feature the AL Central Champions, Detroit Tigers. A team that quickly forgot about their losing ways in the beginning of the 21st century. They have an outstanding offense, now even more improved with the addition (read more)

The Los Angeles Dodgers have signed right handed relief pitcher Todd Coffey to a one-year deal with a club option for 2013, the team announced. Coffey will earn $1MM in 2013, with the club option being worth $2.5MM with a $300K buyout. Coffey posted a 3. (read more)

The Cleveland Indians have signed Casey Kotchman to a one-year deal worth $3mm, Jon Heyman of CBS Sports reports. Kotchman hit a .306 avg in 563 plate appearances for the Rays last season on a minor league deal that paid him $750k. Image taken by Keith Al (read more)

Right handed pitcher Edwin Jackson has agreed to a one-year deal with the Washington Nationals, Jon Heyman of CBSSports reports. The deal is pending physical. Heyman addsthat Jackson’s deal with the Nationals is believed to be in the $8-$12 million (read more)

The San Diego Padres have signed Micah Owings to a one-year Major League deal, Ken Rosenthal of FOX Sports reports. Owings will earn a base salary of $1mm. Last season, Owings posted a 3.57 era while going 8-0 in 33 appearances with the Diamondbacks while (read more)

Billy Beane, the A’s General Manager, has been praised for building competitive teams by taking advantage of “market inefficiencies.” This means that he signs inexpensive players, that almost no other organization wants or would consider (read more)

The Seattle Mariners have signed Carlos Guillen to a minor league deal, Geoff Baker of the Seattle Times reports. Guillen will earn a base salary of $1mm and has incentives tied to plate appearances included in the deal. Last season with the Tigers, Guill (read more)

The New York Yankees have hired former Cubs General Manager, Jim Hendry, as a special assignment scout under General Manager Brian Cashman reports Bruce Levine of ESPNChicago.com. Cashman believes Hendry will be an “invaluabe resource” (via Le (read more)

The Houston Astros have signed veteran pitcher Livan Hernandez to a Minor League deal, Ken Rosenthal of FOX Sports reports. Hernandez went 8-13 with a 4.47 era for the Nationals in 2011. In 2001 with the Giants, Hernandez hit .296 in 81 at-bats, totalling (read more)

According to Joel Sherman of the New York Post, the New York Yankees have signed right handed reliever Manny Delcarmen to a Minor League deal. The 29 year old last pitched in the Majors in 2010 with the Rockies and Red Sox. That year he went 3-4 with a 4. (read more)

The Baltimore Orioles have signed Mr. Perfect Armando Galarraga to a minor league deal, the Detroit Free Press reports. Last season, Galarraga went 3-4 with Arizona while posting a 5.91 era. Prior to last season Galarraga agreed to a one-year $2.3mm deal (read more)

The Texas Rangers have extended manager Ron Washington for two more seasons. His contract will now take him through the 2014 season. Washington has led the Texas Rangers to back-to-back American League pennants. He came as close as one strike to winning (read more)

Relief pitcher Taylor Buchholz plans to skip the 2012 baseball season, his agent, David Pasti tells ESPNNewYork.com (as reported by Adam Rubin). The New York Mets granted him free agency after the 2011 season. Buchholz and the Mets announced last summer (read more)

The Cleveland Indians have signed reliever Dan Wheeler to a minor-league deal, Alex Speier of WEEI.com reports. Wheeler will earn $900k if he is in the Majors, and can earn $50K for reaching 45, 50, 55, 60, 65 and 70 appearances, $50K for 35 games finishe (read more)