Only a few hours after Alex Rodriguez confirms he has spoken directly with the Steinbrenner family; reports start to surface that the Yankees and their third baseman are close to a multi-year deal that would be worth as much as $290 million. The move is seen, in part, as an attempt to soften the harsh criticism incurred when A-Rod, through his agent Scott Boras, announced his decision to opt out of his contract with the team during Game 4 of the World Series.

Major League Baseball announces the World Champion Red Sox will take on the A’s in the 2008 season opener on March 25 at the Tokyo Dome. The Opening Day game will mark the third time the regular major league season has started in Japan.

Eric Wedge becomes the first Indians skipper to be selected by the Baseball Writers’ Association of America as the American League Manager of the Year. The 39 year-old skipper led the Tribe to the AL Central title, compiling a 96-66 record during the regular season.

Bob Melvin is named National League Manager of the Year by the Baseball Writers’ Association of America. The Diamondbacks skipper, who led the club to a league-best 90 victories, also was selected by his fellow managers for the same honor in The Sporting News poll.