Papelbon not heading to a hearing  —  Jonathan Papelbon has a one-year deal in place with the Red Sox that would be in the neighborhood of $9 million.  (Update: The deal is for $9.35 million, with Papelbon getting a $50,000 bonus for 60 games finishes — he finished 59 in 2009.)

Molina Signing Deal To Stay With SF Giants  —  SAN FRANCISCO (CBS 5) ― In a surprising twist, Bengie Molina has agreed to a one-year, $4.5 million contract to stay with the San Francisco Giants, CBS 5 has learned.  —  Molina's family on Tuesday confirmed the deal that keeps …

Cashen, Gooden, Johnson and Strawberry to be inducted into Mets Hall of Fame on Sunday, August 1  —  The New York Mets today announced that Frank Cashen, general manager of the 1986 World Champion Mets, Dwight Gooden, the 1985 National League Cy Young Award winner, Davey Johnson …

Rockies add Lo Duca on a minor league deal  —  DENVER — Amid the wave of contract signings, the Rockies are still looking for depth at the major and minor-league levels.  —  As I speculated around 4 p.m. this afternoon, they Rockies have now signed sign catcher Paul Lo Duca to a minor league deal.

Tom Verducci TomVerducciInside Baseball Bang for the buck: The five most efficient clubs of the past decade … The Yankees left little doubt that they were the team of the last decade, but what team was the most efficient from 2000 through 2009?  Did the Yankees get the most bang …

Sources: Rockies lock in relievers Street, Betancourt  —  Tracy Ringolsby is a Hall of Fame baseball writer.  He is in his 34th year covering Major League Baseball, is a co-founder of Baseball America, and appears on pre- and postgame shows for Colorado Rockies games on FSN Rocky Mountain.  —  DENVER

Yankees agree to one-year contracts with RHP Chad Gaudin and LHP Boone Logan  —  The New York Yankees announced today they have agreed to one-year contracts with right-handed pitcher Chad Gaudin and left-handed pitcher Boone Logan, avoiding arbitration with both players.

Mets Looking To Add Two More Pitchers  —  Metsblog's Matthew Cerrone reports that the Mets are interested in signing John Smoltz and one of either Joel Pineiro or Ben Sheets.  Cerrone notes that “all three have legit interest in pitching for the Mets on short-term deals,” …

Phillies Thinking Multiyear Deal for Victorino  —  The Phillies exchanged potential salary figures with their three arbitration-eligible players Tuesday and appear to be working on a multiyear contract with at least one of them.  —  Sources indicated to CSNPhilly.com that the team was discussing …

Agent: Edmonds open to several options  —  Jon Paul Morosi is a national MLB writer for FOXSports.com.  He previously covered baseball for the Detroit Free Press and Seattle Post-Intelligencer.  He began his journalism career at the Bay City Times in his native Michigan.

Coffey, Brewers $750,000 apart  —  By Tom Haudricourt of the Journal Sentinel  —  Of the four remaining players in arbitration with the Brewers, the biggest gap in figures filed today is with reliever Todd Coffey, who filed for $2.45 million.  The club filed for $1.7 million, a difference of $750,000.

Players To Avoid Arbitration: Tuesday  —  Noon ET today was the deadline for both the team and player to submit their salary figures for arbitration, however the two sides can come to an agreement at any point before the actual hearing.  The hearings are scheduled for the first week of February.

Dodgers Agree To Two-Year Deals With Ethier, Broxton  —  7:40pm: Dylan Hernandez of the LA Times (via Twitter) has the per-year breakdowns: Ethier will make $6MM next season and $9.25MM in 2011.  Broxton gets $4MM in 2010 and $7MM in 2011.  —  3:32pm: SI.com's Jon Heyman tweets that Broxton's deal is worth $11M total.