AL MVP Justin Morneau agreed Friday to a $4.5 million, one-year contract with the Twins, who also settled their salary arbitration cases with third baseman Nick Punto and outfielder Lew Ford. Morneau, a 25-year-old first baseman, hit .321 last year with 34 homers and 130 RBIs and won the MVP award by 14 points over Yankees shortstop Derek Jeter. Morneau's agreement was at the midpoint between the $5 million he had asked for and the $4 million the Twins had offered.