UPDATE: Brad Penny agrees to a deal with the Tigers

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UPDATE: Buster Olney reports that the deal is done. As Morosi reported, $3 million.  The incentives are richer than usual, however, amounting to another $3 million.

5:55 AM: Following up on last night’s reports from Brad Penny himself, Jon Paul Morosi says this morning that the Tigers and Brad Penny are on the verge of a one-year, $3 million deal. Morosi says there will be incentives too.  Worth noting that Morosi first connected Penny and the Tigers back in mid-December.

Seems like a good deal for Penny who, before an injury last season, had nine good starts. Remember: he started things off going was 3-0 with a 0.94 ERA last year. He says he’s getting in shape now, though, and if that makes a difference, he could be one of the better putative fifth starters around.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.