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11:50 AM ET, January 1, 2009

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 Top News: 
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 …
Discussion: FakeTeams
RELATED:
Chicagosports / Hardball:
Cubs sign Aaron Miles; DeRosa likely gone  —  The Cubs signed switch-hitting infielder Aaron Miles to a two-year, $4.9 million deal on Wednesday, giving them a potential leadoff man to move Alfonso Soriano down in the lineup.  —  The 32-year-old Miles batted .317 in 134 games for St. Louis last year …
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.
MLB.com:
Cubs, infielder Aaron Miles agree to two-year contract
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:
Anthony McCarron / NY Daily News:
Mets won't break bank to add more arms and fill out rotation  —  The Mets' three-year offer to Derek Lowe for slightly more than $36 million makes it clear the 35-year-old righty is their top free agent choice.  But that doesn't mean another new starter won't join Lowe in the Mets rotation, too.
David Lennon / Newsday:
Mets make Lowe an offer, but expect slow response  —  The Mets do not anticipate a quick resolution to the pursuit of Derek Lowe, despite their three-year offer of roughly $36 million, and have a free-agent contingency plan in place that includes, in order, Oliver Perez, Randy Wolf and Jon Garland.
Discussion: MLB Rumors
T.R. Sullivan / MLB.com:
Turnbow, Rangers agree to deal  —  The Rangers moved to upgrade their bullpen Wednesday night by reaching a tentative agreement with free-agent right-hander Derrick Turnbow on a one-year contract.  —  Turnbow chose the Rangers over the Marlins and Pirates, in large part because of his familiarity …
Discussion: Lone Star Ball
RELATED:
Hot Stove Blog:
Turnbow, Rangers in agreement  —  The Rangers moved to upgrade their bullpen Wednesday night by reaching a tentative agreement with free-agent right-hander Derrick Turnbow on a one-year contract.  —  Turnbow chose the Rangers over the Marlins and Pirates, in large part because of his familiarity …
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
Adam McCalvy / MLB.com:
Closers market drying up for Brewers  —  With Fuentes gone, Milwaukee has few free-agent options remaining  —  MILWAUKEE — It came as little surprise to Brewers general manager Doug Melvin on Wednesday when free-agent closer Brian Fuentes chose his home-state Angels.
Discussion: Brew Crew Ball and Al's Ramblings
RELATED:
MLB.com:
Angels agree to terms on two-year contract with free-agent left …
Tim Dierkes / MLB Rumors:
Angels Sign Brian Fuentes
Discussion: Sliding Into Home
Spencer Fordin / MLB.com:
Hendrickson signing solidifies O's staff  —  Veteran left-hander adds experience to young crew of pitchers  —  BALTIMORE — The Orioles made their first official tweak to their pitching staff on Wednesday, when they announced that they had signed veteran Mark Hendrickson to a one-year contract worth $1.5 million.
Discussion: FanGraphs Baseball
RELATED:
Dan Connolly / Baltimore Sun:
O's, Hendrickson agree to one-year, $1.5M deal
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: Bluebird Banter and MLB Rumors
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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