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4:00 PM ET, December 10, 2012

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 Top News: 
Marc Topkin / The Heater Feed:
UPDATED: Shields and Davis to KC for Myers, 3 other prospects  —  UPDATED, 11:11: The deal is James Shields and Wade Davis and a player to be named to the Royals for blue-chip outfield prospect Wil Myers, and three other prospects, righthander Jake Odorizzi, lefthander Mike Montgomery and third baseman Patrick Leonard.
RELATED:
Andy Martino / NY Daily News:
For Cy Young award winner R.A. Dickey, NY Mets asking price on trade remains very high  —  There has been modest progress since the end of the winter meetings in talks between the Mets and Dickey's agent about a contract extension, according to people familiar with that process.
Fox Sports:
Royals made right move with trade  —  People will crush the Royals.  People always crush the Royals, and they mostly deserve it after nine straight losing seasons, the last 6-1/2 under general manager Dayton Moore.  —  But not this time.  —  Not after obtaining 40 percent …
Dick Kaegel / MLB.com:
Royals acquire Shields from Rays for prospects  —  KANSAS CITY — Speculation became reality on Sunday night when the Royals hauled in No. 1 starter James Shields from Tampa Bay in a trade for their No. 1 prospect, outfielder Wil Myers.  —  And that wasn't all.
Associated Press:
Royals Acquire Shields, Davis From Rays for Myers  —  KANSAS CITY, Mo. (AP) — The Kansas City Royals have slowly and methodically allowed their top prospects to climb through their farm system in recent years, piecing together a team they believe can compete in the wide-open American League Central.
Discussion: baseballmusings.com
Fox Sports:
Greinke's deal has opt-out in 3 years  —  If you think Zack Greinke just signed a big free-agent contract, wait three years.  —  He might get an even bigger deal then.  —  Greinke's six-year, $147 million contract with the Los Angeles Dodgers includes an opt-out clause that enables …
Discussion: MLB Daily Dish
RELATED:
Mike Axisa / MLB Rumors:
Dodgers To Sign Zack Greinke
Ryan Lawrence / Philly.com:
Ruben Amaro: Michael Young has what Phillies need  —  MICHAEL YOUNG has played more games than any player in the history of the Texas Rangers organization.  —  He holds several other club records and has called Arlington home ever since he was traded from Toronto as a minor leaguer 12 1/2 years ago.
Discussion: HardballTalk and The Good Phight
RELATED:
Richard Durrett / ESPN:
Source: Michael Young dealt to Phils
Mike Axisa / MLB Rumors:
Phillies Acquire Michael Young
T.R. Sullivan / MLB.com:
Rangers on verge of deal to send Young to Phils
Daniel Seco / MLB Rumors:
Indians To Sign Mark Reynolds  —  The Indians have reached an agreement with Mark Reynolds on a one-year contract worth $6MM, says Brittany Ghiroli of MLB.com (via Twitter) after Jon Heyman of CBSSports.com first reported that a deal was imminent (on Twitter).
RELATED:
Brittany Ghiroli / MLB.com:
Reynolds agrees to one-year deal with Indians  —  CLEVELAND — The Indians' need for right-handed power in their lineup has become glaringly obvious over the past few seasons.  If only for one year, Cleveland believes it has found a solution.  —  On Sunday evening, the Indians agreed …
Paul Hoynes / Plain Dealer:
Cleveland Indians reach agreement with power-hitter Mark Reynolds on 1-year $6 million deal
Discussion: HardballTalk and Let's Go Tribe
Fox Sports:
Sources: Yankees ‘all over’ Ichiro  —  Ichiro Suzuki enjoyed playing for the Yankees so much, he likely will be back with them again.  —  The Yankees are showing strong interest in re-signing the free-agent outfielder, according to major league sources.  —  “They are all over him,” one source says.
Wallace Matthews / ESPN:
Youkilis' uncle says he loves NY; weighing offer  —  Youk loves New York.  —  And, according to a New Yorker who knows Kevin Youkilis as well as almost anyone, New York is going to love Youk back.  That is, if the two wind up forming a professional alliance.
Discussion: MLB Rumors and MLB Daily Dish
Baseball America:
2013 Atlanta Braves Top 10 Prospects … In many ways, the 2012 season was one of redemption for the Braves, who were able to erase the memory of 2011's collapse by rebounding with a 94-68 record—their best mark since winning 96 games in 2004—and earning a spot in the first-ever National League wild-card playoff.
Discussion: Atlanta Braves
Maury Brown / The Biz of Baseball:
MLB Revenues $7.5B for 2012, Could Approach $9B by 2014  —  With local broadcast money and attendance for the league remaining strong, according to sources after two years of seeing revenues relatively flat at $7 billion, Major League Baseball will see revenues of $7.5 billion for 2012.
Discussion: HardballTalk
 
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 More News: 
Fox Sports:
Rangers trade Young to Phillies
David Villavicencio / Associated Press:
A-Rod ‘relieved’ to be on comeback trail
Discussion: HardballTalk
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