Right-hander Brad Penny cleared waivers Monday and will sign with the Giants, sources said, according to an ESPN.com report. Penny is 7-8 with a 5.61 ERA this season, and 101-83 in his career. He will make a prorated minimum salary with the Giants, and is expected to join their rotation as the team's fifth starter.

The waiver period for trades before the September 1 roster deadline will come and go without the Cubs having made a deal, according to MLB sources, as reported by ESPN.com. Rich Harden, claimed by the Twins, and Aaron Heilman, claimed by the Giants, will continue to pitch for the Cubs.

The Giants and Marlins are interested in Brad Penny, who was placed on waivers by the Red Sox this week. Sources told ESPN.com of the team's interest in the pitcher, who Boston placed on waivers to make room for Tim Wakefield. Interested teams will want him after he clears waivers, which is expected to happen Monday, otherwise they'll owe him more than $1 million in salary plus incentive bonuses. The Rockies were believed to be interested in Penny, but sources claim that they won't pursue the former Dodger.

The Colorado Rockies, San Francisco Giants and Florida Marlins are all interested in acquiring Brad Penny. Boston placed Penny on waivers this week. The interested teams would probably like to have him after he clears waivers, which could be on Monday. If Penny clears waivers, he would cost any team that acquired him only about $100,000 for the rest of the season.

Red Sox right-hander Brad Penny asked for and was granted his release Wednesday night. Billy Wagner will take his spot on the roster, according to an ESPN.com report. "I asked for my release and I got it," Penny said, according to the Boston Herald. Penny was 1-6 in his past 11 starts and has a 5.61 ERA. He will be placed on waivers Thursday, according to the Herald, and will clear on Monday. He can talk to other interested teams while he is on waivers.

The Astros have placed reliever LaTroy Hawkins on trade waivers. The news should catch the attention of teams like the Rockies, Cardinals and Dodgers, according to FOX Sports.

Brad Penny was claimed off waivers earlier this month, and then subsequently pulled back by the Red Sox, according to multiple sources. With the 48-hour window in which a deal could be worked out by the Red Sox and the claiming team already passed, Penny, who is being skipped over for his turn in the rotation this week, can?t be dealt by the Sox. Penny is scheduled to be available for relief duty both Wednesday and Thursday, with a simulated game planned for Friday if he isn?t used.

The Red Sox are the team that has claimed Mets reliever Billy Wagner off waivers, sources told ESPN on Friday. The Mets have until Tuesday afternoon to work out a deal with Boston, who would have to assume about $3.5 million in salary that is still owed to the former closer. If no deal is struck, New York can allow Boston to take Wagner outright or pull him off waivers.

The Mets have placed left-handed reliever Billy Wagner on waivers, sources told the New York Daily News. Wagner is close to completing an 11-month rehabilitation from elbow surgery. If a team claims him, they would be on the hook for his $3.6 million contract. He is expected to clear waivers on Friday afternoon. "That's somebody else's decision, however they want to go about it," Wagner said. "I am willing to pitch and try and help this team and that's all I am concerned about. "I am pretty happy to be back after 11 months, I am not sitting here going to get into too much," Wagner continued. "I am just going to do my job and it will just feel good to get back into it."

Diamondbacks pitcher Jon Garland has cleared waivers, a source told FOX Sports. Garland is among the best pitching options on the market, another source added. He is earning $6.25 million, with a mutual option for 2010 at $10 million. Garland is 6-11 with a 4.42 ERA in 25 starts with Arizona this year.