Report: Grady Sizemore has agreed to re-sign with Indians

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Last week Grady Sizemore was to be putting negotiations with other teams on hold in an effort to work out a deal with the Indians and now Nick Camino of 1100-WTAM in Cleveland reports that the two sides have agreed to a contract.

According to Camino an official announcement “will happen by tonight or tomorrow.”

No word yet on the contract terms, but presumably it’s an incentive-laden one-year deal or perhaps a one-year deal with an option for 2013.

Cleveland made Sizemore a free agent by declining his $8.5 million option, choosing a $500,000 buyout instead, so for the new deal to make sense for the Indians it would seemingly have to either be for less than $8 million or include a reasonable second-year option.

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.