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Report: Orioles and Nelson Cruz agree to a one-year, $8 million contract

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UPDATE: Enrique Rojas of ESPN Deportes reports that the Orioles and Cruz have agreed to a one-year, $8 million contract, pending a physical. The deal includes $750,000 in incentives, but it looks like a potential bargain addition for Baltimore as they attempt to make a run at the postseason.

As for Cruz, settling for a one-year, $8 million guarantee is obviously not what he had in mind at the start of the offseason. However, a number of factors had an impact on his market, including draft pick compensation, questions about how he’ll perform after his PED suspension and away from Texas, as well as his age and poor defense. On the bright side, if he has a nice year in Baltimore, perhaps he’ll get a better payday next offseason.

8:50 a.m. ET: After making a move for a starting pitcher earlier this week by signing right-hander Ubaldo Jimenez to a four-year, $50 million contract, the Orioles are now on the verge of adding a bat. According to CBS Sports’ Jon Heyman, Baltimore is closing in on a deal for free agent slugger Nelson Cruz.

No word yet on the terms involved and Heyman writes that a couple of issues still need to be resolved, but a deal is seen as “extremely likely.” The Orioles would surrender their second-round pick (and the corresponding draft pool money) in order to sign Cruz, as they already gave up their first-rounder for Jimenez. It’s unclear whether signing Cruz officially takes the Orioles out of the mix for Ervin Santana, but it’s safe to say that they fully intend to contend this season.

The Orioles are unsettled in the DH spot, so given Cruz’s poor reputation on defense, he should be a good fit there. It could also help keep him healthy, which has been an issue for him in previous since and should be a consideration as he moves toward his mid-30s.

Cruz was limited to 109 games last season due to his 50-game PED suspension, but he still hit .266/.327/.506 with 27 home runs and 76 RBI. The 33-year-old has 135 home runs over the past five seasons. Only 16 players have more in the same timespan.

Report: Diamondbacks to trade Michael Bourn to the Orioles

SAN DIEGO, CALIFORNIA - AUGUST 21:  Michael Bourn #1 of the Arizona Diamondbacks reacts after striking out during the eighth inning of a baseball game against the San Diego Padres at PETCO Park on August 21, 2016 in San Diego, California.  (Photo by Denis Poroy/Getty Images)
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Jon Heyman of Today’s Knuckleball reports that the Orioles and Diamondbacks have agreed in principle to a trade involving outfielder Michael Bourn. The trade is in the process of being finalized. It is not yet known what the Diamondbacks are receiving in return.

Bourn will be the second outfielder the Orioles have acquired on Wednesday, as the club also claimed Drew Stubbs off waivers from the Rangers.

With rosters expanding on Thursday, the Orioles are making a concerted effort to bolster the team’s outfield depth. Both Stubbs and Bourn are eligible for the Orioles’ postseason roster if the club makes it.

Bourn, 33, hit .261/.307/.362 with 21 extra-base hits, 30 RBI, 43 runs scored, and 13 stolen bases in 358 plate appearances.

Orioles claim Drew Stubbs off waivers from the Rangers

SEATTLE, WA - SEPTEMBER 7: Drew Stubbs #15 of the Texas Rangers walks off the field after an at-bat during a game against the Seattle Mariners at Safeco Field on September 7, 2015 in Seattle, Washington. The Rangers won the game 3-0. (Photo by Stephen Brashear/Getty Images)
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The Orioles have claimed outfielder Drew Stubbs off release waivers from the Rangers, Ken Rosenthal of FOX Sports reports. The club designated for assignment pitcher Kyle Lobstein, whom they acquired from the Pirates earlier on Wednesday, to make roster space for Stubbs, Dan Connolly of BaltimoreBaseball.com reports.

The Rangers designated Stubbs for assignment last week. After clearing waivers, Stubbs refused an assignment to Triple-A Round Rock, so the Rangers released him on Monday.

Stubbs, 31, has taken only 67 plate appearances this season — 42 with the Braves, 25 with the Rangers — as he missed a lot of time between mid-May and mid-August with a sprained left toe.

With rosters expanding, the veteran Stubbs will simply add to the Orioles’ outfield depth.