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2:26 AM ET, January 1, 2009

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 Top News: 
ESPN.com:
Cubs deal versatile DeRosa to Indians  —  CLEVELAND — Mark DeRosa, who had been rumored to be a part of three- and four-team scenarios in the Jake Peavy trade talks is finally headed out of Chicago — but not in a deal for the San Diego Padres' ace.  —  DeRosa has been traded to the Cleveland Indians for three players.
RELATED:
Paul Sullivan / Chicago Tribune:
Cubs trade DeRosa to Indians, what's next?  —  After a relatively slow off-season, the Cubs stepped it up on New Year's Eve, saying good-bye to Mark DeRosa while welcoming his replacement, Aaron Miles.  —  DeRosa was traded to Cleveland for three pitching prospects, shortly after the announcement …
Anthony Castrovince / MLB.com:
Tribe acquires DeRosa from Cubs  —  Veteran infielder centerpiece of club's four-player deal  —  CLEVELAND — The Indians didn't have the money to fill their infield with an attractive free-agent candidate, but they did have the arms in their farm system to pull off an impactful trade.
ESPN.com:
Angels, closer Fuentes agree to two-year deal  —  ANAHEIM, Calif. — The Los Angeles Angels might have found their new closer.  —  The Angels and left-hander Brian Fuentes agreed to a two-year, $17.5 million contract.  The contract includes a club option for the 2011 season.
RELATED:
MLB.com:
Angels agree to terms on two-year contract with free-agent left-handed pitcher Brian Fuentes  —  Contract includes club option For 2011  —  ANAHEIM, CA — The Angels Wednesday agreed to terms on a two-year contract with free agent left-handed pitcher Brian Fuentes.  The contract includes a club option for the 2011 season.
Tim Dierkes / MLB Rumors:
Angels Sign Brian Fuentes
Discussion: Sliding Into Home
MLB.com:
Cubs, infielder Aaron Miles agree to two-year contract  —  CHICAGO — The Chicago Cubs and infielder Aaron Miles today agreed to terms on a two-year contract.  Terms of the deal were not disclosed.  —  “We expect Aaron to provide significant versatility and flexibility to our roster,” said Cubs General Manager Jim Hendry.
RELATED:
Gordon Wittenmyer / Chicago Sun Times:
Cubs acquire versatile infielder Miles
Discussion: Yahoo! Sports and Hire Jim Essian
Tim Dierkes / MLB Rumors:
Cubs Sign Aaron Miles
Discussion: Al's Ramblings
Tony Massarotti / Boston Globe:
Lowe to keep shopping; Sox not involved  —  According to a source familiar with the negotiations, Derek Lowe is likely to continue shopping for a more desirable offer after the New York Mets presented him with a three-year, $36 million offer on Tuesday.  —  While some reports have placed Lowe's target …
RELATED:
Mike Puma / New York Post:
REPORT: METS OFFER LOWE $36M
John Harper / NY Daily News:
Mets playing Lowe ball
T.R. Sullivan / MLB.com:
Rangers investigating relief candidates  —  Turnbow, Isringhausen, Cordero are possibilities for Texas  —  ARLINGTON — The Rangers are working hard to upgrade their bullpen, and right-handed reliever Derrick Turnbow appears to be at the top of their list right now.
Discussion: MLB Rumors
Ken Gurnick / MLB.com:
Manny's agent, LA yet to restart talks  —  Since initial conversations, Dodgers have looked at alternatives  —  LOS ANGELES — The Manny Ramirez-Dodgers talks have gotten off to a slow restart.  —  Agent Scott Boras left a voicemail message for Dodgers general manager Ned Colletti on Tuesday …
Discussion: MLB Rumors
Dan Connolly / Baltimore Sun:
O's, Hendrickson agree to one-year, $1.5M deal  —  Veteran left-hander has a 50-63 record and 5.07 ERA in seven seasons  —  The Orioles officially added a veteran pitcher to their 40-man roster today, announcing that lefty Mark Hendrickson passed his physical and has agreed to a one-year contract worth $1.5 million.
Bill Ladson / MLB.com:
Nationals in serious pursuit of Bradley  —  WASHINGTON — Although they lost to the Yankees in the Mark Teixeira sweepstakes, the Nationals continue to look for offensive help.  According to a baseball source, Washington has serious interest in free-agent outfielder Milton Bradley.
Discussion: MLB Rumors
Associated Press:
Waxman satisfied with answers from MLB, union  —  WASHINGTON (AP) — The House panel that had follow-up questions for baseball about its drug-testing program is satisfied with the sport's answers.  —  Reps. Henry Waxman, D-Calif., and Tom Davis, R-Va., leaders of the House Committee …
Discussion: Yahoo! Sports
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 More News: 
Troy Renck / All Things Rockies:
Rox add former utilityman Luis Gonzalez to bench mix
Baltimore Sun:
C. Izturis to join Mora on Venezuela's WBC team
Discussion: Oriole Post
 Earlier Picks: 
Dylan Hernandez / LA Times Sports Blog:
Dodgers sign pitcher Claudio Vargas
Discussion: True Blue LA
Scott Miller / CBS SportsLine.com:
Upon further review, Hawk belongs in Cooperstown
Marc Katz / Dayton Daily News:
Former Red Benzinger named Dragons manager
Discussion: Redleg Nation