By The Associated Press

Published: Saturday, December 8, 2012, 6:22 p.m.
Updated: Friday, December 21, 2012

Free-agent pitcher Zach Greinke and the Dodgers agreed to a six-year, $147-million deal Saturday, according to multiple reports.

CBSSports.com and Yahoo report that Greinke still must pass a physical, meaning the deal can't become official until at least Monday.

Once finalized, the right-hander's contract will be the second-largest ever given to a pitcher, trailing only CC Sabathia's $161-million deal with the Yankees.

Greinke went 15-5 with a 3.48 ERA and 200 strikeouts last season with the Brewers and Angels. He won the 2009 American Cy Young while with the Royals and has a career 3.77 ERA.

Phillies get Young from Rangers

The Phillies acquired seven-time All-Star infielder Michael Young from the Rangers for right-handed reliever Josh Lindblom and minor league reliever Lisalverto Bonilla.

Young agreed to waive his no-trade clause. The Rangers also will pay a significant portion of Young's salary for 2013. Young is due to earn $16 million, and reports stated the Phillies will pay him only about $6 million of it.

Young leaves as the club's career leader in hits (2,230). Young hit .277 with eight home runs and 67 RBI last season.

Reds re-sign Ludwick

A person familiar with the deal told the Associated Press that free-agent outfielder Ryan Ludwick is returning to the Reds for a two-year contract worth $15 million.

He hit .275 with 26 home runs and 80 RBI last season.

A-Rod surgery set

Yankees slugger Alex Rodriguez said he will have surgery on his injured left hip in mid-January.

The Yankees announced earlier this month that Rodriguez needs surgery to correct a torn labrum and other problems with his left hip. He could miss up to six months.

Bay joins Mariners

The Mariners finalized a one-year contract with outfielder Jason Bay, returning the one-time slugger to familiar territory in the hopes of revitalizing his career.

The Mariners and Bay, a former Pirates star, reached an agreement on a one-year deal earlier in the week.

1. MLB notebook: Yankees’ Granderson goes on DL again
2. Seneca Valley grads Helisek, Mazzoni moving up minor-league ranks
3. Manager Francona is happy at the helm of rejuvenated Indians

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