Tim Wakefield?s $4M option for next season has been exercised by the Red Sox, according to an Associated Press report on Friday. The 42-year-old knuckleballer was 10-11 with a 4.13 ERA in 30 starts this year.

The Blue Jays on Friday exercised a $2.5M option on catcher Rod Barajas, rewarding the 33-year-old after he batted .249 with 11 homers and 49 RBIs last season, according to an Associated Press report.

The Dodgers have declined a $5.5M club option on shortstop Angel Berroa, instead opting for a $500,000 buyout, according to an Associated Press report on Monday. Berroa, who becomes eligible for salary arbitration, earned $4.75M this past season.

The Cubs have rewarded GM Jim Hendry with a four-year contract extension through the 2012 season. The move came in the wake of the team's best regular season record in more than sixty years. Chicago is 537-513 since Hendry was promoted to general manager on in July of 2002, and have had winning records in four of his six full seasons while making three playoff appearances.

Oakland second baseman Mark Ellis has reportedly agreed to sign a multi-year deal to remain with the team. "I'm very excited," Ellis said Saturday, according to San Francisco Chronicle. "Oakland has been a very good place for me and my family, and it's really a big relief to be back there." Ellis has spent his first seven years in the big leagues with Oakland. "To play in Oakland my whole career would be great," he told the Chronicle. "Not a lot of people get to do that in this game." Ellis batted .233 with 12 home runs and 41 RBIs in 117 games for the A's this season before having arthroscopic surgery to repair cartilage on his right, throwing shoulder in September.