Hiroki Kuroda pitches

UPDATE: Dodgers close to re-signing Hiroki Kuroda

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UPDATE: Buster Olney of ESPN.com also hears that the Dodgers are close to keeping Kuroda for one year at $12 million.

12:27 AM: Patrick Newman of NPB Tracker originally stated that 1 billon yen works out to $8 million, which looked like an awesome deal for the Dodgers. Turns out the exchange rate was incorrect.

It’s actually $12 million, which makes far more sense, given that Kuroda made $13 million this past season.

Don’t get all over Newman for this error, though. He’s truly one of the best around. If you must, direct your anger towards baseball writers like myself who are too lazy to double-check exchange rates.

10:46 PM: For what it’s worth, a Dodgers’ source told Ken Rosenthal of FOXSports.com that the Sanspo report is “inaccurate.” When asked if a deal was close, the source said “hard to tell.”

Another Hot Stove rumor squashed? Stay tuned.

8:56 PM: Patrick Newman of NPB Tracker passes along a report from Sanspo that Hiroki Kuroda is close to staying with the Dodgers on a one-year contract for approximately $8 million. We went over Kuroda’s impressive stats from this past season a bit earlier, so if true, this would be a tremendous bargain for the Dodgers.

6:06 PM: Big, but not entirely surprising news on the free agent front. Dylan Hernandez of the Los Angeles Times passes along a report from Japanese sports daily Sports Nippon that Hiroki Kuroda plans to pitch in the majors for another year.

Kuroda, who turns 36 in February, was reportedly considering a return to Japan after finishing his three-year, $35.3 million contract with the Dodgers, but it makes plenty of sense (and dollars) to stick around. The right-hander went 11-13 with a 3.39 ERA and 158 /48 K/BB ratio over 31 starts this past season, his most successful since arriving stateside in 2008. Our own Matthew Pouliot has him ranked as the No. 10 free agent this winter.

According to Hernandez, the Nippon report states that Kuroda would prefer to stay with the Dodgers, but it’s not known if they will be able to afford him. Remember, they already re-signed veteran left-hander Ted Lilly to a three-year, $33 million contract. I’m skeptical that Kuroda will actually pass up another multi-year contract at this point in his career, but if he truly intends to pitch in the United States for only one more season, it will add a pretty interesting dynamic to his list of potential suitors. If anything, it should only increase the number of teams in the mix.

Report: Dexter Fowler will take a physical in St. Louis on Friday

CLEVELAND, OH - NOVEMBER 02:  Dexter Fowler #24 of the Chicago Cubs reacts after lining out during the third inning against the Cleveland Indians in Game Seven of the 2016 World Series at Progressive Field on November 2, 2016 in Cleveland, Ohio.  (Photo by Ezra Shaw/Getty Images)
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Update (8:51 PM EST): The deal is in place, according to Heyman.

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Update (8:27 PM EST): Derrick Goold of the St. Louis Post-Dispatch reports that the Cardinals made an “over-the-top offer” to Fowler to ensure he’d sign.

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Frank Cusumano of KSDK Sports reports that free agent outfielder will take a physical in St. Louis on Friday. Presumably, that means that Fowler and the Cardinals have gotten pretty far along in negotiations.

Jon Heyman of FanRag Sports recently reported that Fowler was looking for $18 million per year. The Blue Jays reportedly made an offer to Fowler in the four-year, $16 million range several days ago. The Cardinals’ offer to Fowler, if there is indeed one, is likely somewhere between the two figures.

Fowler, 30, is coming off of a fantastic year in which he helped the Cubs win their first World Series since 1908. During the regular season, he hit .276/.393/.447 with 13 home runs, 48 RBI, 84 runs scored, and 13 stolen bases in 551 plate appearances.

Fowler rejected the Cubs’ $17.2 million qualifying offer last month. While the QO compensation negatively affected Fowler’s experience in free agency last offseason — he didn’t sign until late February with the Cubs — his strong season is expected to make QO compensation much less of an issue.

Braves acquire Luke Jackson from the Rangers

ARLINGTON, TX - SEPTEMBER 16:  Relief pitcher Luke Jackson #53 of the Texas Rangers  throws during the ninth inning of a baseball game against the Houston Astros at Globe Life Park on September 16, 2015 in Arlington, Texas. Texas won 14-3. (Photo by Brandon Wade/Getty Images)
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Tommy Stokke of RanRag Sports reports that the Braves and Rangers agreed to a trade. According to ESPN’s Keith Law, the Braves will receive pitcher Luke Jackson from the Rangers in exchange for pitchers Tyrell Jenkins and Brady Feigl.

Jackson, 25, is under team control through 2022. He has logged only 18 innings in the majors, yielding 14 runs on 22 hits and eight walks with three strikeouts. While Jackson has struggled with control, the Braves likely see upside because his fastball sits in the mid- to high-90’s.

Jenkins, 24, is also under team control through 2022. The right-hander made eight starts and six relief appearances in his first major league season in 2016, putting up a 5.88 ERA with a 26/33 K/BB ratio over 52 innings.

Feigl, 25, was an undrafted free agent and was signed by the Braves in 2013. The lefty underwent Tommy John surgery in 2015 and briefly rehabbed in rookie ball this past season.