Ted Lilly avoided arbitration by agreeing to a 1 year, $4 million contract. Lilly can also earn up to $200,000 more based on innings pitched.

The Jays exchanged figures with Hillenbrand and Walker. Hillenbrand has asked for $6.7 million with the Jays offering $5.0 million and Walker has asked for $850,000 with the Jays offering $575,000.

Additionally, the Jays acquired LHP Brian Tallet from the Indians in exchange for RHP Bubbie Buzachero. Tallet was recently designated for assignment by the Indians.

The Blue Jays agreed to terms with Lyle Overbay and Scott Downs for one year contracts, avoiding arbitration.

Jordan Bastian reports that the Blue Jays have signed Ben Weber to a minor league contract and have invited him to spring training.

Bruce Sutter was elected to the Hall of Fame on this year's ballot. Sutter's fame began with his superb 1977 season, and continued with another fine one in 1979 which landed him a Cy Young award.

The Blue Jays have ended weeks of speculation by trading Corey Koskie to the Milwaukee Brewers for a minor league pitcher.

TSN reports that the Jays have signed catcher-first baseman Jason Phillips to a minor league contract.

At a press conference this evening the Blue Jays finally announced the deal that has been mentioned for several days: Troy Glaus and prospect Sergio Santos join the Jays from the Diamondbacks in exchange for Orlando Hudson and Miguel Batista.

The Red Sox have acquired top prospect Andy Marte for Edgar Renteria. With the previous acquisition of Mark Loretta, both the Sox infield and their offence has undergone a substantial renovation. Further changes may be in store, but it's a good time to take stock. Thanks to Cristian and Chuck for alerting us to the trade.

Bauxite gv27 reports that the Jays have completed a trade with the Milwaukee Brewers for Lyle Overbay and a PTBNL in exchange for David Bush, Gabe Gross and Zach Jackson.

The team will be holding a press conference any minute now.

The Blue Jays made it official today announcing at the Winter Meetings that JP Ricciardi has signed an extension through 2010.