Phillies Thome celebrates his game winning walk off home run against the Rays during the ninth inning of their interleague MLB baseball game in Philadelphia

Orioles agree to trade for Phillies’ Jim Thome

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Jim Salisbury of CSNPhilly.com has the scoop:

According to a baseball source, the Phillies are in serious talks with the Baltimore Orioles about a potential trade involving Jim Thome.

The Orioles are in the market for a designated hitter and the Phillies are willing to deal Thome to a club where he could fill that role.

Thome is still the Phillies down in Miami, but that could change at some point in the very near future.

The 41-year-old has posted a .242/.338/.516 batting line, five home runs and 15 RBI in 71 plate appearances this season. He would serve as a part-time designated hitter for Baltimore if a deal can be worked out.

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UPDATE, 5:51 PM: Dan Connolly of the Baltimore Sun has confirmed through a source that a trade is indeed close and says the Phillies will likely be receiving “minor-leaguers” in return from the O’s.

UPDATE, 6:04 PM: FOX Sports’ Ken Rosenthal reports that a trade has been agreed upon. It will be announced after the Phillies and Orioles complete the games they’re currently in the midst of playing.

UPDATE, 6:28 PM: According to Rosenthal, the Phils will get right-hander Kyle Simon and catcher Gabriel Lino in return from the O’s. Simon, 21, was a fourth-round selection in 2011. He has a 3.96 ERA in 72 2/3 innings this season at Single-A. Lino, 19, is batting .218/.282/.340 in 56 games — also at the Single-A level.

Report: Mark Trumbo signs three-year, $37.5 million contract with Orioles

TORONTO, ON - OCTOBER 04:  Mark Trumbo #45 of the Baltimore Orioles runs the bases after hitting a two-run home run in the fourth inning against the Toronto Blue Jays during the American League Wild Card game at Rogers Centre on October 4, 2016 in Toronto, Canada.  (Photo by Vaughn Ridley/Getty Images)
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Update #2 (6:21 PM EST): Make that $37.5 million, per Heyman.

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Update (6:02 PM EST): The deal is for “around” $37 million with deferrals that lower the present-day value, per Jeff Passan of Yahoo Sports.

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Jon Heyman of FanRag Sports reports that free agent 1B/OF Mark Trumbo is close to a deal with the Orioles. He first reported that the two sides were back in touch earlier on Thursday afternoon. According to Ken Rosenthal of FOX Sports, the deal is expected to be for three years and under $40 million.

Trumbo’s market hasn’t developed as he expected. The slugger turned down the Orioles’ $17.2 million qualifying offer back in November. Then the Orioles reportedly made a four-year contract offer to him in December but pulled it off the table. Most recently, a report indicated that Trumbo lowered his expectations to a three-year deal in the $40-50 million range.

Trumbo, 31, led the majors with 47 homers for the Orioles this past season. He also hit a solid .256/.316/.433 with 108 RBI in 667 plate appearances. With Trumbo back in the fold and some slight offensive upgrades made, the Orioles figure to have a formidable offense in 2017.

Astros avoid arbitration with Mike Fiers

SEATTLE, WA - SEPTEMBER 17: Starting pitcher Mike Fiers #54 of the Houston Astros walks to the dugout after pitching an inning during a game against the Seattle Mariners at Safeco Field on September 17, 2016 in Seattle, Washington. The Astros won the game 2-1. (Photo by Stephen Brashear/Getty Images)
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The Astros avoided arbitration with pitcher Mike Fiers, agreeing on a $3.45 million salary for the 2017 season, per Jake Kaplan of the Houston Chronicle. The right-hander was in his first of three years of arbitration eligibility.

Fiers, 31, made 30 starts and one relief appearance for the Astros in 2016. He finished the year with a 4.48 ERA and a 134/42 K/BB ratio in 168 2/3 innings.

Fiers had a much better showing in 2015 as well as in limited action in 2014, so the Astros are hoping he rediscovers that effectiveness going forward. He’ll slot into the back of the starting rotation.