Brad Penny officially signs with Japan’s Softbank Hawks

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According to the Associated Press, via the San Diego Union-Tribune, the Softbank Hawks of Nippon Professional Baseball announced Sunday on their team website that veteran right-hander Brad Penny has officially agreed to a contract for 2012.

Terms of the deal have not been released. Penny is expected to travel to Japan on Wednesday.

The 33-year-old struggled to find much free agent interest from major league teams this winter after registering a rough 5.30 ERA, 1.56 WHIP and 74/62 K/BB ratio across 181 2/3 innings last season for the Tigers. Once regarded as a dangerous power pitcher, his fastball averaged a nine-year low 92.6 mph in 2011. The pitch averaged 94.1 mph in 2010, when Penny posted a 3.23 ERA and 35/9 K/BB ratio in 55 2/3 frames for the Cardinals before experiencing back problems.

UPDATE, 1:59 PM: According to FOX Sports’ Ken Rosenthal, Penny’s contract is worth $4 million. It also carries $3.5 million worth of incentives and a $4.5 million mutual option for 2013.

Report: Orioles interested in Lance Lynn

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The Orioles singlehandedly kept the rumor mill churning this weekend. MLB Network’s Jon Morosi reports that the club is interested in making a play for free agent right-hander Lance Lynn, adding him to a list of potential candidates that also includes free agent righty Alex Cobb. The two are expected to command similar contracts in free agency, but Morosi notes that the Orioles may prefer Cobb based on his familiarity with the AL East.

Lynn, 30, is two years removed from Tommy John surgery on his right elbow. Despite missing the 2016 season, he bounced back with a respectable 11-8 record in 33 starts and complemented his efforts with a 3.43 ERA, 3.8 BB/9 and 7.4 SO/9 over 186 1/3 innings for the 2017 Cardinals. He lost several days with a blister on his pitching hand in early September, but managed to avoid any major injuries and can reasonably be expected to shoulder another heavy workload in 2018.

Lynn may not be the Orioles’ first choice to beef up their starting rotation, but there’s no doubt that he’ll be in high demand as one of very few viable starters on the market this winter. The veteran righty rejected his one-year, $17.4 million qualifying offer from the Cardinals on Thursday and will likely be seeking a multi-year contract, one that Derrick Goold of the St. Louis Post-Dispatch estimates around five years and $100+ million. If the Orioles are willing to bite that bullet, they’ll still need to compensate the Cardinals with their third pick in next year’s draft.