UPDATE: Twins, Matt Capps come to terms on one-year, $4.75 million deal

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9:10 p.m. EST update: Capps will earn $4.5 million in 2012, according to ESPN 1500’s Darren Wolfson. The option is worth $6 million and includes a $250,000 buyout.

6:55 p.m. EST update: Capps and the Twins have a deal for one year with an option for 2013, Danny Knobler of CBS Sports reports.

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Matt Capps will likely re-sign with the Twins, a source tells Steve Popper of the Bergen Record.

While no one else is confirming the news, it could be telling that the Red Sox are now out of the hunt for Capps, according to Scott Lauber of the Boston Herald.

A Capps-Twins reunion seemed highly unlikely a few months ago, what with Capps routinely getting booed off the mound on his way to blowing nine saves during a rough 2011 season. He did pitch somewhat better late in the year as a setup man for Joe Nathan, but he was never dominant at any point. More discouraging than his 4.25 ERA was the fact that he fanned just 34 batters in 65 2/3 innings. He struck out 59 in 73 innings for Washington and Minnesota in 2010.

Capps, though, is a better fit in Target Field than he would be most anywhere else. He gives up a lot of long flyballs, but most of those turn into outs in Minnesota and he hardly ever walks anyone. It’d still probably make more sense for the Twins to take the draft pick they’d get with his departure and go sign Octavio Dotel instead, but Capps probably will pitch somewhat better in 2012.

Robinson Cano hit his 300th home run last night

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Last night Robinson Cano hit a solo homer in the ninth inning of the Mariners’ loss to the Texas Rangers. It was his 22nd on the season. Though it was insignificant to the outcome of that game, it was significant to Cano: it was his 300th career homer.

While we’ve become accustomed to not caring much about home run milestones south of, say, 500, 300 homers for Cano is a big deal, as he’s only the third second baseman to cross that threshold in baseball history. The other two: Jeff Kent, at 377, and Rogers Hornsby at 301.

Cano, who turns 35 next month, has a career line of .305/.354/.495 and 1,179 RBI, 512 doubles and 33 triples to go with those bombs. He’s in his 13th big league season and still has six more years left on his deal with the Mariners. He’s averaged 24 homers a year since coming to the Mariners. While he’ll obviously trail off at some point — and while great second baseman’s have this weird habit of just suddenly falling off a cliff — it’s highly likely that he’ll finish his career as the all-time home run leader among second baseman. If he remains healthy he should also get over 3,000 hits in his career.

Cooperstown, here he comes.

Reds sign catcher Tucker Barnhart to a four-year deal

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Mark Sheldon of MLB.com reports that the Reds have signed catcher Tucker Barnhart to a four-year contract extension. The terms: $16 million total, with a $7.5 million club option for the 2022 season that has a $500,000 buyout. He also received a $1.75 million signing bonus.

The deal buys out all three of his arbitration years — he was going to be eligible for the first time this offseason — and the first year of his potential free agency. The club option buys a second. Barnhart made $575,000 this season.

Barnhart, 26, is finishing his second season as the Reds primary catcher. This year he’s hitting .272/.349/.399 with six homers and 42 RBI in 113 games. For his career he has a line of .257/.328/.366 in 330 major league games. His real value is defensive, however. He leads the National League in caught stealing percentage and number of base stealers caught (31-for-70, 44%) and leads all players at any position in the league in defensive WAR according to Baseball-Reference.com.