The Kansas City Royals have agreed a two-year, $20 million contract with Edinson Volquez.
The deal includes a mutual option for the 2017 season.
Volquez will make $7.5 million in 2015 and $9.5 million in 2016 under the deal. His option year is worth $10 million with a $3 million buyout.
Hiroki Kuroda is returning to Japan to pitch for the Hiroshima Toyo Carp, an official with knowledge of the move told ESPNNewYork.com, confirming Japanese media reports.
The free-agent right-hander reunites with his first professional team, reportedly on a one-year contract worth $3.3 million.
The St. Louis Cardinals have signed Jordan Walden to a two-year contract that includes a team option for the 2017 season.
The deal is believed to be worth $6.6 million and the club option is for $5.25 million, according to a report.
St. Louis acquired the right-hander from the Atlanta Braves in the Jason Heyward trade on Nov. 17.
Jake Peavy has officially signed a two-year deal with the San Francisco Giants.
The contract includes a $4 million signing bonus, a full no-trade clause and award bonuses, according to a report.
Peavy is set to earn $7 million in 2015 and $13 million in 2016.
Cuban infielder Roberto Baldoquin has signed with the Angels after passing his physical, sources told MLB.com on Saturday.
Baldoquin, who turns 21 in May, will receive an $8M signing bonus once the deal becomes official.
The signing won't be announced by the team until paperwork is approved by the Commissioner's Office, which could take place at some point next week.
The San Diego Padres have signed Brandon Morrow to a one-year, $2.5 million contract.
Morrow can earn an additional $5 million in bonuses for starting and $1 million for relieving, according to a report.
The 30-year-old has spent the last five seasons with the Toronto Blue Jays, who declined the right-hander's $10 million option for 2015.
Jon Lester set MLB records for largest signing bonus and biggest upfront payment with his $155M, six-year deal with the Cubs, according to an ESPN.com report.
The pitcher's contract calls for a $30M signing bonus, of which $15M is due by April 1, a person familiar with the agreement told The Associated Press on Sunday.
The Arizona Diamondbacks have officially announced a six-year, $68.5 million contract with Yasmany Tomas.
"This search for talent goes on for 100 years, and it was kind of limited. And now it's expanded to Latin America. Now it goes to the Pacific Rim," said Tony La Russa, hired in May as Arizona's chief baseball officer. "Recently Cuban players are re-emerging. You go to the old days with (Tony) Oliva and (Jose) Cardenal and (Bert) Campaneris, so you know they're playing quality baseball down there."
Tomas can opt out after the 2018 season and become a free agent again.
"If he plays well, my guess would be that ownership would want to extend his contract before his opt comes," general manager Dave Stewart said.
The New York Yankees and Andrew Miller have agreed to terms on a four-year, $36 million deal.
The 29-year-old pitched for the Boston Red Sox and Baltimore Orioles last season.
The Yankees are reportedly prepared to move on from closer David Robertson, unless his price drops.
Daisuke Matsuzaka has signed a contract with the Softbank Hawks of Japan's Pacific League after eight years in Major League Baseball, according to an ESPN.com report on Friday.
The 34-year-old right-hander, who went 3-3 with 78 strikeouts and a 3.89 ERA for the Mets in 2014, led the Pacific League in wins three times with the Seibu Lions before signing a six-year, $52M contract with theRed Sox in 2006.
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