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CHICAGO -- The Chicago Cubs announced the signing of pitcher Edwin Jackson to a four-year contract and introduced him at a news conference on Wednesday.
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On Dec. 20, a source told ESPN that the deal is for $52 million. The deal includes an $8 million signing bonus with annual salaries of $11 million per year, according to a Cubs source.
"You look at the (Cubs) on paper, and there's a lot of potential there," Jackson said. "I've been on a lot of teams that you look on paper and no one expects you do to do anything, and you make it to the World Series or go to the playoffs.
"It's definitely one of those teams where you're a few pieces from being where you want to be. I feel like with the additions we have and the team we have right now, we can go out and win ball games and have fun."
Jackson, 29, was 10-11 with a 4.03 ERA in 31 starts (189 2/3 innings) with the Washington Nationals in 2012. He has a 70-71 career record with a 4.40 ERA. In 2012, Jackson had 168 strikeouts and 58 walks but also gave up 23 home runs.
After going 12-9 with a 3.79 ERA in 199 2/3 innings for the Chicago White Sox and St. Louis Cardinals in 2011, Jackson wasn't able to get a long-term deal, and signed a one-year contract for $11 million with the Nationals.
Jackson has played for seven teams in his career, which began with the Dodgers in 2003. The 2010 season included his 150-pitch no-hitter with the Arizona Diamondbacks.
"I think the most assuring part is you have a chance to relax and have a chance to know you're going to be somewhere for a while, and you don't have to feel like you have to prove yourself every year," Jackson said of his new deal. "I feel like it's definitely going to help for myself just to go out and have fun and not worry about anything else."
Jackson joins a Cubs rotation that now includes free-agent additions Scott Baker and Scott Feldman, along with holdovers Matt Garza, Jeff Samardzija and Travis Wood. The Cubs added another starting option in right-hander Carlos Villanueva, who agreed to a two-year contract last month, a major league source told ESPNChicago.com's Bruce Levine.
"I think you're never happy with your depth, but we certainly worked really hard to build it up," Cubs general manager Jed Hoyer said. "That was a big factor for us. We felt like what we were running out there in September once we traded a couple guys, once we shut Samardzija down, it wasn't the quality we were looking for.
"We needed to really address our depth. We've worked hard it. We'll find out over the course of six months whether we were right or wrong about it. ... That was sort of our goal this winter to add as much depth and quality as we could."
Villanueva, 29, was 7-7 with a 4.16 ERA in 38 appearances with the Toronto Blue Jays in 2012, including 16 starts.
David Price, the American League Cy Young Award winner, has reached agreement on a one-year contract with the Tampa Bay Rays to avoid salary arbitration.
Price
Price
The deal was reported by ESPN.com on Tuesday and announced by the club Wednesday. The 27-year-old Price, who made $4.35 million last season, will make $10.1125 million in the coming season, the Rays said. He will be eligible for free agency after the 2015 season.
Price is 61-31 with a 3.16 ERA in the big leagues. He has made three straight All-Star teams, and went 20-5 with a league-leading 2.56 ERA last season to narrowly edge Detroit's Justin Verlander for the Cy Young Award.
He tied Jered Weaver for the league lead in wins and winning percentage and was sixth in strikeouts with 205 in 211 innings.
Price was the first overall pick in the 2007 draft out of Vanderbilt. He was promoted to the majors late the following year, when Tampa Bay made an improbable run to the World Series. In 2010, he became the youngest pitcher to start an All-Star Game since Dwight Gooden in 1986 and finished second to Seattle's Felix Hernandez in Cy Young balloting after going 19-6 with a 2.72 ERA.
The ace of one of the deepest rotations in baseball last season, Price will be counted on even more in 2013 following a six-player trade that sent right-handers James Shields and Wade Davis to the Kansas City Royals in exchange for four minor leaguers, including top prospects Wil Myers and Jake Odorizzi.
The Texas Rangers announced Thursday that they have agreed to a one-year deal with reliever Jason Frasor and, a source confirmed, also have some interest in Lance Berkman should the veteran decide to play again in 2013.
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Frasor, 35, made 50 appearances for the Toronto Blue Jays last season, posting a 4.12 ERA with 53 strikeouts and 22 walks. He missed seven weeks, including all of August, because of a strained right forearm. He pitched 7 2/3 innings after returning from the injury and gave up four runs on 10 hits with eight strikeouts and three walks.
Frasor has spent all but 20 games of his big league career with Toronto and has a 3.77 ERA in nine seasons. He will make $1.5 million, a source confirmed.
To make room for Frasor, the club has designated catcher Eli Whiteside for assignment.
The Rangers lost free-agent relievers Koji Uehara, Scott Feldman and Mike Adams and moved Alexi Ogando to the starting rotation. They've acquired other relief pieces in an effort to bridge the gap between starters and closer Joe Nathan. Josh Lindblom came over in the Michael Young trade to the Phillies and Tommy Hottovy, Jeff Beliveau, Coty Woods and Cory Burns have joined internal candidates Tanner Scheppers and Michael Kirkman. Left-hander Robbie Ross returns but could also get a look as the fifth starter if the Rangers do not sign another starter this offseason.
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Berkman, 36, played in only 32 games last season with the St. Louis Cardinals because of knee troubles. He had two surgeries on his right knee last year. He had 31 home runs and 94 RBIs to go along with a .959 OPS in 2011 as a member of the Cardinals team that beat the Rangers in seven games in the World Series.
Texas is still searching for more offensive help, and Berkman, if he can stay healthy, could provide some of it. He hasn't decided whether he will play in 2013 and acknowledged in a recent MLB Network interview that he's not sure of the level of interest clubs will have in him.
"I'm sure a lot of teams would have a question about if I could hold up over 162 games and things like that, so there's some factors there that I think are going to limit the offers that I get from some of these teams," Berkman said.