Brewers bring back Davis  —  Brewers general manager Doug Melvin said way back in October that he wanted to add two established starting pitchers this winter.  On Wednesday, he landed the second of two.  —  With Randy Wolf already in tow, the Brewers agreed to terms with left-hander Doug Davis …

Compromise makes most sense for Lincecum, Giants … The whopping $5-million gap in arbitration filing figures between double-Cy Young winner Tim Lincecum and the Giants is, yes, nothing less than giant.  Enormous gaps are obviously difficult to bridge, and this one — $13 million requested …

(2 of 2)  —  “It's fun to see him out there.  He looked good.  He looked healthy, and that's the big thing.”  —  Sheets started the 2008 All-Star Game for the National League, which marked the first time for a Brewer to do so.  He also got the nod on Opening Day that season, earning the win against the Chicago Cubs.

Angels Reach Agreement With Joel Pineiro  —  8:14pm: ESPN's Buster Olney says Pineiro will take a physical tomorrow (via Twitter).  He has had some shoulder issues in the past (as recently as 2008), so it's not a given.  —  7:34pm: SI.com's Jon Heyman tweets that Pineiro and the Angels …

Johnny Damon running out of options  —  Slowly but surely, one closed-out roster at a time, Johnny Damon's horizons keep shrinking.  On Tuesday, he found himself squeezed out from the Giants, who signed Bengie Molina and have officially exhausted their off-season treasury.

Phillies talking extensions with trio  —  Club would like to lock up Blanton, Victorino, Ruiz  —  PHILADELPHIA — The Phillies are trying to make sure their three players still eligible for salary arbitration never reach the arbiter's table.  —  They're also trying to keep them away …

Buzz: Latest from the MLB offseason  —  Fox Sports  —  JAN. 20 NEWS AND NOTES  —  Kennedy down to three teams — 12:04 p.m.  —  The representative for free agent Adam Kennedy said he remains in talks with three teams about the infielder.  —  Two clubs are interested in Kennedy as their everyday second baseman, Paul Cohen said.

Angels reach 2-year deal with Pineiro  —  Right-hander Joel Pineiro, one of the top free-agent pitchers remaining on the market, has reached an agreement with the Los Angeles Angels, sources told SI.com  —  The contract is said to be for about $16 million for two years.

Buzz: Mets offer to Molina, & Why He's in SF  —  In talking with a few people around baseball, it sounds to me like Bengie Molina always wanted to return to the Giants, or are at least he wanted play with a team on the West Coast.  Also, as the off season moved on, Molina became more and more skeptical of playing in New York.

Hometown Report: It's all better for daddy Dustin Pedroia  —  In the big picture, life is grand these days for Dustin Pedroia.  —  His broad grin has replaced his frown of frustration from when the Boston Red Sox All-Star ripped his hometown of Woodland in an article last spring.

Jays acquire Valdez from Giants  —  Righty to compete for bullpen role during Spring Training  —  TORONTO — The Blue Jays added another arm to the mix for a bullpen role on Wednesday, swinging a trade with the Giants to acquire right-hander Merkin Valdez in exchange for cash considerations.