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It's decision day for arbitration eligibles. Who will be non-tendered? In other news, the Rangers signed Eric Gagne to a 1 year contract, while PECOTA likes Matsuzaka 4.01.

What you got?

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Gil Meche for 5 years at $11 million per annum to the Royals.  The Mariners send Rafael Soriano to the Braves for Horacio Ramirez. And all is quiet, so far today, on the home front. 

Today, we have a "you supply the punch-line" joke.  What do you call it when John Schuerholz and Bill Bavasi spend 20 minutes in a room together alone?  Please keep it G-rated.

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Jeff Blair reports that the Jays have reached an agreement with Matt Stairs. Terms of the deal were not disclosed.
"I expect I'll be doing the same thing with Toronto that I've done most of my career: play a little first base, DH to spell off Frank (Thomas), and be a bat off the bench late in the game."

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The Blue Jays signed catcher Jason Phillips to a 1 year, $500,000 contract.
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Jeff Blair says it's a done deal with the Jays and Zaun. Two years, $7.25 million, with an option for a third year based on games played. (thanks to China fan for the heads up)

JP Ricciardi confirmed the Zaun signing today.
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There's a new catcher in town.

UPDATE: Or maybe not....... TR Sullivan at MLB.com wrote that the Barajas deal fell apart, Barajas changed agents and canceled his trip to Toronto.

Jeff Blair reports that the Jays are in negotiations again with Zaun and that the Barajas signing isn't the done deal that was published as done this morning, pending a phyiscal, and confirmed by Barajas' agent.
"One of these guys is going to be the Blue Jays catcher," a source close to negotiations said late Monday night.
Buster Olney wrote that the Jays were "on the verge" of re-signing Gregg Zaun and "it was not immediately clear if the Barajas deal fell apart".

UPDATE 2 (11:45pm): General manager J.P. Ricciardi said late Monday the team was negotiating with Zaun, and the deal with Barajas was not going ahead. Ricciardi declined to comment about why the contract with Barajas wasn't completed.

"We don't have an agreement with anybody at this point,'' Ricciardi said.

Asked if he still had interest in Barajas, Ricciardi said he couldn't comment right now. Asked if he hoped to sign Zaun this week, Ricciardi said: "Yeah. I hope to have something done with somebody this week.''

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A few notable signings today:
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The Big Hurt is coming to Toronto.

Update: The reliable Jeff Blair writes that it's a two year deal for $18 million with a vesting option for a third year based on plate appearances that could push the total value to $30 million. (thanks to KevinJaysFan for linking that)

Update 2: The contract is for $10 million in year 1, $8 million in year 2, and $10 million in year three if Thomas reaches an unknown threshold of plate appearances.

Update 3The signing is official now.
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Some AL East moves:

The Yankees traded Gary Sheffield to the Tigers for three minor leaguers, including highly touted Humberto Sanchez.

Not to be outdone, the Red Sox, according to Buster Olney, are going to be the winners of the Daisuke Matsuzaka sweepstakes with a bid of 'between $38 and $45 million.
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No, that's not a 20-year-old headline about former Jay Jesse ... the Padres have traded Jesse's kid, Josh to the Indians for Class AAA prospects Kevin Kouzmanoff, a 3B "uber-prospect," and and RHRP Andrew Brown.

The rarest of baseball trades -- young talent for young talent in a "challenge" deal of sorts.

Thoughts?