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1:00 AM ET, December 11, 2012

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 Top News: 
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.
RELATED:
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.
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.
Fox Sports:
Royals made right move with trade
Jerry Crasnick / ESPN:
Tampa made yet another big splash
Associated Press:
Royals Acquire Shields, Davis From Rays for Myers
Discussion: USA Today and 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 Rumors and MLB Daily Dish
RELATED:
Mark Saxon / ESPN:
Dodgers officially introduce Korean lefty Ryu
Discussion: ESPN.com and True Blue LA
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:
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
Brittany Ghiroli / MLB.com:   Reynolds agrees to one-year deal with Indians
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.
Steve Adams / MLB Rumors:
Twins To Sign Kevin Correia  —  The Twins have reached an agreement to sign Kevin Correia, according to Jon Heyman of CBS Sports (on Twitter).  ESPN's Jerry Crasnick first reported that the two sides were nearing a two-year deal, and he adds that Correia will earn $10MM over the life of the contract (Twitter links).
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.
Fox Sports:
Rangers see dramatic identity shift  —  A rival executive, assessing the Texas Rangers on Monday, said, “They're going to overpay Hamilton or they're going to overpay ‘KT.’”  —  That's Hamilton as in free-agent outfielder Josh Hamilton.  And that's “KT” as in Arizona general manager Kevin Towers …
Discussion: MLB Rumors
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: Halos Heaven and HardballTalk
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: The Good Phight and HardballTalk
Ben Nicholson-Smith / MLB Rumors:
Pirates To Sign Jason Grilli  —  3:42pm: It's a two-year, $6.75MM contract, Scott Miller and Jon Heyman of CBSSports.com report (on Twitter links).  —  2:53pm: The Pirates have agreed to sign free agent reliever Jason Grilli to a two-year deal, Ken Rosenthal of FOX Sports reports (on Twitter).
Fox Sports:
Rangers trade Young to Phillies  —  PLAY HARDBALL DYNASTY - BE THE GM AND MANAGER!  —  Member Comments  —  Please note by clicking on “Post comment” you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms.  Be Polite.
David Villavicencio / Associated Press:
A-Rod ‘relieved’ to be on comeback trail  —  Yankees star plans on returning midseason as good as ever  —  Despite the severe injury news, A-Rod was pleased a cause for his struggles was discovered.  —  MIAMI — Alex Rodriguez knew there was something wrong, but could not figure out what it was.
Discussion: HardballTalk
 
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