The Twins announced Thursday that they had formally signed Jason Kubel to a two-year, $7.2 million contract with a $5.25 million club option for 2011. The deal was first reported last week when the two sides agreed to the terms of the contract, but the team had to await the results of a physical before officially announcing it. Kubel's deal could end up totaling as much as $12.25 million.

The Giants have agreed to terms with free-agent utility man Juan Uribe on a one-year Minor League contract. SI.com initially reported the accord on Thursday, and a club spokesman confirmed that a deal had been reached.

The Reds have reportedly signed reliever David Weathers to a one-year deal worth $3.9 million, avoiding arbitration in the process. The deal is also rumored to have a club option for the 2010 season.

The Colorado Rockies showed their commitment to young pitching by signing 25-year-old right-hander Ubaldo Jimenez to a four-year $10 million deal, which will allow them to avoid the annual arbitration carousel. Jimenez went 12-12 in 2008, posting a stellar 3.99 ERA, leading the Rockies in strikeouts with 172 during his first full season as a starter. The contract contains a club option for 2013 and 2014 raising the exercised value to $22million. This deal does a couple of things for the Rockies; it shores up confidence with the fan base which has wavered a bit in recent months with the loss of outfielder Matt Holliday. It gives Jimenez the ability to work with the trust the organization has given him. His performance has been great and he may even be the most underrated pitcher in the majors and this deal helps Jimenez by legitimizing his talent. Grade for Rockies: A In other Rockies news, third baseman Garrett Atkins is awaiting the upcoming arbitration hearing sometime around February 1-21. There is a $1.3 million difference between Atkins $7.95 million submission and the Rockies $6.65 million offer. In the meantime, Atkins continues to work out in California while awaiting the outcome.

Will Clark is returning to the Giants as a special assistant, according to an Associated Press report on Wednesday. The 44-year-old Clark was drafted by the Giants with the second overall pick in 1985 and played the first eight of his 15 major league seasons with San Francisco.

The Diamondbacks and free agent right-hander Jon Garland have agreed to terms on a one-year deal with an option for 2010, according to major league sources. It appears the contract is similar to one of the proposals the sides discussed two weeks ago, in which the deal would include an option that could be exercised by either the player or team. The value of the buyout would change depending on which side declines the option. Garland's guaranteed money is believed to be in the $6 million to $8 million range. RealGM Note: Garland was ranked 125th in season FIC during the 2008 season and 'deserved' a salary of $7.5M, giving him a Reina Value of -38%.

Veteran infielder Craig Counsell and the Brewers completed a $1 million, one-year contract on Monday after he passed a physical. Counsell, 38, spent the past two seasons with Milwaukee, but the club declined its $3.4 million option on his contract earlier this offseason.

The Astros have signed pitchers Wandy Rodriguez and Geoff Geary to one-year contracts, avoiding arbitration in the process. "Our goal from the very beginning was to get through the arbitration process and not have to go to a hearing," GM Ed Wade said. "(Assistant GM) Dave Gottfried on Wandy and (assistant GM) Rickey Bennett on Geary were able to get deals done. "It gives us a chance to focus on getting ready for Spring Training. And it's probably better for the players to focus on getting ready to pitch instead of having to go through the ramifications of going through arbitration."

The New York Yankees announced today they have signed left-handed pitcher Andy Pettitte to a one-year contract. Pettitte, 36, was 14-14 with a 4.54 ERA in 33 starts with the Yankees in 2008 (204.0IP, 233H, 112R, 103ER, 55BB, 158K, 19HR), while holding left-handed hitters to a .203 batting average (47-for-231, 3HR). He was 10-7 with a 4.03 ERA prior to the All-Star break, marking his most such wins since 2003 (11).

Prince Fielder and the Milwaukee Brewers reached a preliminary agreement Thursday on an $18 million, two-year contract. The agreement is subject to a physical, Brewers' GM Doug Melvin said. Melvin declined to discuss the contract's value. "There's things you have to do to get to that point to finalize deals," Melvin said. "We won't have anything tonight, but there's a good possibility we could have something tomorrow."