The Colorado Rockies agreed to terms with pitcher Manny Corpas on a four-year extension on Wednesday, according to The Rocky Mountain News. It marks the largest deal the team has ever given a relief pitcher.

The Pirates were not about to get infielder Ray Olmedo through waivers as the Phillies claimed him on Tuesday afternoon, according to the Pittsburgh Post-Gazette.

Closer Bobby Jenks has agreed to terms on a one-year deal with the White Sox, according to a published report Monday in the Chicago Tribune. Jenks, a two-time All-Star, likely will receive a slight raise from his 2007 salary of $450,000. Jenks will be eligible for arbitration next offseason.

The Red Sox have reportedly added some insurance to their starting rotation. According to a report on ESPN.com, the Red Sox on Saturday agreed to terms with veteran Bartolo Colon on a minor league deal.

Terry Francona has agreed to a contract extension through 2011 after leading the Red Sox to two World Series championships in his four seasons as manager. The deal announced Sunday includes club options for 2012 and 2013, according to an Associated Press report.

According to numerous media reports, outfielder Shannon Stewart has agreed to a minor league contract with the Toronto Blue Jays, ESPN.com is reporting. Stewart spent his first eight seasons with the Blue Jays before being dealt to the Twins in 2003. He spent last year with the Athletics.

The Pittsburgh Pirates today signed right-handed pitcher Byung-Hyun Kim to a one year contract. The Pirates have designated infielder Ray Olmedo for assignment. "Byung-Hyun Kim is a veteran right handed pitcher who has pitched and wants to again pitch, late in bullpen," said Huntington. "He has been tough on right-handed hitters over the past three seasons and had both left-handed hitters and right-handed hitters when he pitched primarily as a reliever. Byung-Hyun will hwill a role on our club as a reliever, and he adds an experienced option for us in our bullpen competition."

Starting pitcher Oliver Perez won his salary arbitration case against the New York Mets on Friday and will make $6.5 million this season, according to the Associated Press. The Mets were offering Perez $4.7 million.

The Angels defeated Francisco Rodriguez in salary arbitration Friday, and the closer will receive $10M rather than his request for $12.5M, according to an Associated Press report. Despite the loss, Rodriguez tied the record for the highest salary in an arbitration decision; a mark he shares with Alfonso Soriano, who lost his case against the Nationals in 2006, and Ryan Howard. Howard beat the Phillies on Thursday.

The Arizona Diamondbacks and outfielder Trot Nixon have agreed to terms on a minor-league contract, according to The East Valley Tribune. The team values him as an insurance outfielder.