Cincinnati Reds Homer Bailey Has Elbow Surgery Again  —  When the Cincinnati Reds inked Homer Bailey to a six year extension, he was supposed to anchor their rotation for the foreseeable future.  Instead, he has not been able to remain healthy, and underwent another surgery on his elbow yesterday.

MLB plans to test new extra-innings rules in rookie ball, with Joe Torre's approval  —  Major League Baseball plans on testing a rule change in the lowest levels of the minor leagues this season that automatically would place a runner on second base at the start of extra innings …

CBP Field Operations Seizes Nearly 4,000 Pounds of Marijuana Camouflaged Within a Shipment of Key Limes  —  PHARR, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Pharr International Bridge cargo facility discovered 3,947 pounds of alleged marijuana within a commercial shipment of key limes.

Want to own a share of the Dodgers?  This could be your chance  —  The Guggenheim Baseball Management group — Bobby Patton, from left, Stan Kasten, Magic Johnson, Mark Walter, Peter Guber and Todd Boehly — poses for photos at Dodger Stadium on May 2, 2012.  (Robert Gauthier / Los Angeles Times)

Brian Wilson eyeing MLB return as a knuckleball pitcher  —  Brian Wilson intends to resume his pitching career as a knuckleballer.  —  Yes that Brian Wilson, now 34 years old, beardless and having just gone a month eating nothing but guacamole, which probably isn't quite as great as it sounds.

Indians intrigued by free agent 2B Chase Utley  —  The Cleveland Indians, who have already made some surprising moves this winter, are said to be intrigued by free agent second baseman Chase Utley, though there would appear to be some impediments to a deal.  —  Utley is a beloved veteran …

Angels Sign Yusmeiro Petit  —  4:02pm: Petit's contract comes with a $2.25MM base salary upon making the Major League roster, MLBTR has learned (Twitter link).  He can earn up to an additional $1.25MM via incentives.  —  2:19pm: The Angels announced that they've signed right-hander Yusmeiro Petit …

Cubs Acquire Alec Mills, Designate David Rollins  —  The Cubs have acquired right-hander Alec Mills from the Royals in exchange for minor league outfielder Donnie Dewees, the team announced via press release.  In order to clear a spot for Mills on the 40-man roster, left-hander David Rollins …

Four-time World Series champion Javier Lopez announces his retirement  —  Reliever Javier Lopez, a Rule 5 pick who went on to win four World Series championship rings with the Red Sox and Giants, is retiring.  —  Lopez, 39, was a free agent.  —  “More than anything, it's just time,” Lopez said.

Daniel Mengden Undergoes Foot Surgery  —  The Athletics announced today that righty Daniel Mengden has undergone surgery on his righty foot after suffering a fracture during a home bullpen session.  He'll require a walking boot for at least six weeks, with further rehab presumably required beyond that point.

Alex Rodriguez: ‘Suspension was a pivotal turning point in my life’  —  TAMPA, Fla. — Alex Rodriguez hasn't said all that much publicly since his postseason work in October with Fox, but that will change on Valentine's Day.  —  Rodriguez, who was released by the Yankees last August …