The five-year, $82.5 million contract is the team?s second major strike on the free agent pitching market this week.

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The Philadelphia Phillies answered the Mets? recent flurry of bullpen improvements by agreeing on Friday to a three-year, $31.5 million contract with outfielder Raúl Ibáñez.

Fireworks, sound-and-light show highlight event's opening night Fans had the opportunity to walk through aisles full of memorabilia. (Cincinnati Reds) Reds Headlines MLB Headlines CINCINNATI -- So what if it's December and snowflakes were falling

The Philadelphia Phillies added to their stable of potent left-handed hitters and put pressure on the Mets? left-handed pitchers by signing Raúl Ibáñez on Friday.

Reliever inks two-year, $4 million contract with Cincinnati Arthur Rhodes (left) shares a laugh with Brandon Phillips at Redsfest. (Michael E. Anderson/Cincinnati Reds) Reds Headlines MLB Headlines Reds add Rhodes to penWatch Hot Stove: Blog | Tracker |

Reds honor sweet-swinging shortstop with Bender Award Chris Valaika batted a combined .317 with 18 homers and 81 RBIs in 2008. (Mark LoMoglio/MiLB.com) Reds Headlines MLB Headlines CINCINNATI -- Nothing in professional baseball has seemed to slow down

Slugger joining elite company to be shown again on Baseball's Best Ken Griffey Jr. hit his 600th career homer in the first inning on June 9. (Wilfredo Lee/AP) Reds Headlines MLB Headlines Hot Stove: Blog | Tracker | Home It's good to know some things

Arbitration-eligible players face midnight ET cutoff on Friday Reds Headlines MLB Headlines CINCINNATI -- Another deadline looms in Major League Baseball that has ramifications for the Reds players. The deadline to tender 2009 contracts to

Now that the Yankees have added C. C. Sabathia to their needy rotation, they are the new favorites to win the 2009 World Series.