ESPN.com is reporting that the Phillies have agreed to a two-year deal with free-agent third baseman Pedro Feliz, pending a physical. Feliz batted .253 with 20 home runs and 72 RBIs during the 2007 season with the Giants. Feliez had a -71% Reina Value in 2007, taking home $5.1 million, but 'deserving' just $1.5 million as he had a season FIC of 88. Click here for more information on the Reina Value

Despite the lack of change in the Johan Santana saga, the New York Daily News has reported that the Mets are putting talks with Livan Hernandez on hold to focus on the Twin's ace. A recent report in the Rocky Mountain News claimed that the Mets were close to signing Hernandez, but the team has denied that rumor. One unnamed baseball insider claims that Mets' GM Omar Minaya is enamored with obtaining Santana. "He still wants him, and I got the feeling he thinks he can get him," the person said. "I think he believes the longer it goes, the better his chances."

Twins' closer Joe Nathan is content to sit around and wait for Minnesota to offer him a contract or become a free agent. "We're in a good spot. We know what our value is. We know what the market value is, and that's what we're going to be looking for," the Minnesota Twins' closer told the Associated Press, speaking about himself and his agent. The Twins will pay Nathan $6 million this year to pitch the ninth inning.

According to a report Friday in the Rocky Mountain News, the New York Mets are "close" to a deal for free-agent Livan Hernandez, who could provide a boost for their starting rotation.

The Arizona Diamondbacks are set to make reliever Keith Foulke a contract offer, according to the Arizona Republic. Foulke is attempting to make a return to the majors after not pitching last season. He walked away from a $5 million contract with the Cleveland Indians last season due to health concerns.

According to FOXSports.com, the New York Yankees and second baseman Robinson Cano are close to agreeing on a four-year contract extension. The deal, which is rumored to include club options for up to two years, is reportedly worth $30 million over the length of the contract. RealGM Note: In 2007, Cano 'deserved' a $6.33 million contract (Season FIC of 174), giving him a Reina Value of +1,190%.

The Tampa Bay Rays and pitcher James Shields are close to coming to terms on a long-term contract, the Associated Press reported late Tuesday night. The team has scheduled a major announcement for Wednesday afternoon, and many believe this deal could be the reason.

Bartolo Colon, a former Cy Young and current free agent, was throwing between 87 and 89 mph and had no life on his fastball during a recent audition in the Dominican Republic. The Indians, one of his former clubs, had shown interest but are no longer in the market for him after seeing him pitch. The Royals, White Sox and Mets have also been scouting Colon, but like Cleveland, the Mets reportedly backed off because of questions about his health.

In the hunt for pitching the entire offseason, the Reds appear close to making another significant addition to their staff. A Major League source confirmed to MLB.com that free agent left-hander Jeremy Affeldt and Cincinnati are nearing a deal. The signing is still pending upon the final agreement on a dollar figure and a physical that has already been scheduled for early next week. Foxsports.com first reported the story and said Affeldt's deal could be for one year at $3 million, plus incentives. "There's nothing to announce," Reds' General Manager Wayne Krivsky said. "I can't deny that we've had conversations."

Sammy Sosa won't be back for another season in Texas. Rangers' GM Jon Daniels and Sosa's agent Adam Katz told ESPN.com on Friday night that Texas was interested in bringing Sosa back in a more limited role than last season. But Sosa has decided to look for a team that can offer him more playing time. "Sammy is very grateful and thankful to Texas for giving him this opportunity and for being receptive to bringing him back this season," Katz said. "But Sammy still wants to play -- ideally in a situation where he could get 400 to 500 plate appearances. If the right situation presents itself, he's available." Katz said his conversations with the Rangers focused almost exclusively on Sosa's prospective role with the club this season. The Rangers have acquired Josh Hamilton and Milton Bradley this winter and couldn't guarantee Sosa that he would come anywhere close to the 454 plate appearances he got last season. "Our experience with Sammy was very positive last year so we were open to at least explore different possibilities," Daniels told ESPN.com. "Sammy's looking for a role which doesn't make sense for where we're going at this point. I wish him the best."