The Texas Rangers trade away their all-time leader in hits, runs, doubles and triples, Michael Young, a seven-time All-Star who had become a utility player. He goes to the Philadelphia Phillies for pitchers Josh Lindblom and Lisalverto Bonilla.

The Dodgers sign Korean pitcher Hyun-Jin Ryu to a six-year contract for $36 million.

The Athletics trade P Trevor Cahill to Arizona, along with reliever Craig Breslow, in return for top pitching prospect Jarrod Parker, OF Collin Cowgill and P Ryan Cook.

The Nationals send P Collin Balester to Detroit for P Ryan Perry.

The 2010 Rule V draft is held on the last day of the Winter Meetings. SS Josh Rodriguez, selected by Pittsburgh from Cleveland is the top pick, but pitchers dominate the proceedings, representing 16 of the 19 picks. No player with major league experience is taken.

The Mariners sign free agent C Miguel Olivo.

The Twins trade SS J.J. Hardy and IF Brendan Harris to the Orioles for P Brett Jacobson and Jim Hoey. The Twins are shedding salary in preparation for signing Japanese infielder Tsuyoshi Nishioka, whose rights they acquired via the posting system earlier this off-season.

The Rangers send starting pitcher Kevin Millwood to the Orioles for reliever Chris Ray in a move designed to give Texas additional financial flexibility to pursue free agent starter Rich Harden.

The Milwaukee Brewers go shopping for pitchers today, as they announce the signing of free agent starter Randy Wolf to a three-year deal worth $30 million and reliever LaTroy Hawkins to a two-year, $7.5 million deal.

2008 – The Baltimore Orioles free up a spot for top prospect Matt Wieters by trading Ramon Hernandez to the Cincinnati Reds. Baltimore acquires Ryan Freel, Justin Turner and Brandon Waring in the deal.