Red Sox finalize one-year deal with Hideki Okajima

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Last week Hideki Okajima was said to be close to re-signing with the Red Sox and now Jerry Crasnick of ESPN.com reports that the two sides have finalized a one-year contract worth $1.75 million in guaranteed money and another $550,000 in potential incentives.

Boston non-tendered Okajima last month rather than pay what likely would have been around $3.5 million via the arbitration process, so in re-signing him the Red Sox probably end up saving at least $1.5 million.

Okajima had a miserable first half that included talk of being homesick and criticism from local reporters who felt he was dodging media responsibilities, but he allowed just two runs in his final 16 appearances to finish with a reasonable 4.50 ERA in 46 innings overall and will fill a left-handed setup role again in 2011.

Report: Yankees trade Chase Headley to the Padres

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Joel Sherman of the New York Post reports that a source is telling him that the Yankees have traded Bryan Mitchell and Chase Headley to the San Diego Padres.

Headley, a third baseman, hit .273/.352/.406 for the Yankees last year. He, of course, played for the Padres from 2007 through the middle of 2014, when he was dealt to New York. Mitchell has pitched 48 games for the Yankees, most from the pen, over four seasons, with an ERA of 4.94 in 98.1 innings. He doesn’t strike out many and he walks a lot.

No word yet on what the Padres could be sending to New York. We’ll obviously update as soon as more is learned.