The Dodgers and southpaw Chris Capuano have agreed to a two-year, $10 million free-agent contract with a mutual option for 2014, the club announced on Friday.

Former Lakers star Magic Johnson has thrown his hat into the derby to buy the Dodgers from current owner Frank McCourt, the basketball Hall of Famer told the Los Angeles Times on Friday.

Yankees closer Mariano Rivera's surgical procedure to remove polyps from his vocal cords went as expected, his agent said.

The Astros have agreed to terms on a Minor League contract with infielder Diory Hernandez, interim general manager Dave Gottfried announced Friday.

The Indians added to their catching depth on Friday, signing free-agent Matt Pagnozzi to a Minor League contract that includes a non-roster invitation to attend Spring Training with the Major League club.

On Friday, Cleveland revealed the new alignment of its player development staff. The Tribe has hired Rob Leary to serve as its new Minor League field coordinator and has handed the pitching coordinator position to Mickey Callaway.

Interest in free-agent sluggers Albert Pujols and Prince Fielder has been lukewarm thus far, but the start of the Winter Meetings could give the market a jolt.

One of the aspects of the new Basic Agreement that will change the way teams do business is the introduction of spending constraints on the bonuses given to international amateurs.

Teams must tender contracts to players under their control by Dec. 12. Most of the time, they will. But if a club doesn't believe a particular player is worth what he's projected to get via arbitration, it may simply opt against it.

Veteran outfielder Wily Mo Pena is set to make the move to Japan after inking a two-year deal with the Japan Series champion Fukuoka Softbank Hawks.

To become a serious contender, the Marlins understand they need a lockdown closer. They are on the verge of signing one of the best in the game in Heath Bell.

Thirteen Major League players tested positive for banned substances and required discipline during the time period spanning the start of the 2010 offseason to the end of the 2011 season, according to a report.

It's been written and said in the days leading up to the official coronation that Bobby Valentine is the perfect fit for the Red Sox. But this will be by far the most demanding of any of the previous managerial positions he's held.

Though some areas of the 2012 Cardinals are set, one unit is very much in flux: the middle infield. The club would love to gain some clarity on that topic in the next few weeks, but it's far from a guarantee that will happen.

The Orioles' search for a backup to catcher Matt Wieters ended Thursday afternoon when they acquired Taylor Teagarden from the Texas Rangers in exchange for a pair of Minor League players.

D-backs skipper Kirk Gibson recently won the C.I. Taylor Award, which is given out each year by the Negro Leagues Baseball Museum to the top managers in the National and American Leagues.

Rangers pitcher Derek Holland will serve as the honorary spokesperson for the Cowboys Santas Program during the holiday season.