Phillies Agree To Sign Cliff Lee  —  The wait is over.  In a surprising development that leaves two top American League teams empty-handed, Cliff Lee has agreed to sign a five-year, $120MM deal with the Phillies.  The contract includes a $27.5MM vesting option for 2016 with a $12.5MM buyout, plus partial no-trade clause.

Sources: Cliff Lee to return to Phillies  —  The numbers had been crunched and all the scenarios exhausted Monday night when Cliff Lee finally made his decision.  —  He picked up the phone, thanked Rangers general manager Jon Daniels for his time in Texas and revealed he was signing with the Philadelphia Phillies.

Phillies still bidding for prize ace  —  Ken Rosenthal has been the senior baseball writer for FOXSports.com since Aug. 2005.  He appears weekly on MLB on FOX.  Follow him on Twitter.  —  The Yankees and Rangers are not alone.  —  The Phillies are still bidding for free-agent left-hander Cliff Lee …

Phillies swoop in and bring back Lee  —  ARLINGTON — Free-agent pitcher Cliff Lee is headed back to Philadelphia.  —  The Rangers worked as hard as they could to re-sign Lee, but their pursuit came to an end on Monday when he informed the club that he was signing with the Phillies.

Lee spurns Yanks, Rangers, returns to Phils … Almost a year after they traded him, Cliff Lee is headed back to the Philadelphia Phillies.  —  Lee, the most highly sought pitcher on this winter's free-agent market, turned down more lucrative offers from the New York Yankees and the Texas Rangers …

Cliff Lee's return simply stunning  —  Left is headed back to Philly, proving that he wasn't really after the biggest paycheck  —  Of all the crazy free-agent sagas in baseball history, where would we rank this one?  —  Of all the nutty, convoluted, out-of-the-wild-blue-yonder twists …

Cliff Lee Accepts Late Bid by the Phillies  —  All along, the Yankees knew they were fighting the Texas Rangers for Cliff Lee.  But they also had a sense of dread, a feeling that a stealth team might steal the latest pitcher of their dreams.  They had reason to be worried.

Possible Fits For Joe Blanton  —  The Phillies seem likely to trade Joe Blanton in hopes of clearing some payroll in the wake of their Cliff Lee signing.  The 30-year-old righty is owed $8.5MM in each of the next two seasons.  Though he probably deserved better than his 4.82 ERA in 2010 …

Yankees sign catcher Russell Martin to one-year contract  —  Moving on quickly after Cliff Lee turned them down, the Yankees “have agreed to terms on a contract with Russell Martin,” according to Alden Gonzalez of MLB.com.  It's believed to be a one-year deal, although the Yankees …

Yankees agree to contract with Martin  —  NEW YORK — The Yankees have agreed to terms on a contract with free-agent catcher Russell Martin, multiple sources told MLB.com on Tuesday.  Details of the deal were not immediately available, but it is expected to be announced at some point on Tuesday.

Yankees Reach Agreement With Russell Martin  —  The Yankees have reached an agreement with catcher Russell Martin, reports MLB.com's Alden Gonzalez.  With Jorge Posada moving into a designated hitter role next year, Martin should be the Yankees' starting catcher.