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.

Kyle Schwarber has lost 17-20 pounds

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As is offseason tradition, the first of player-shape reports are trickling in. These usually use some variation of the phrase “best shape of [my/his] life.” This one, though, avoids that at least.

According to ESPN’s Jesse Rogers, Cubs outfielder Kyle Schwarber has lost 17-20 pounds so far this offseason. Schwarber said that he’s “already big and strong,” so “might as well try to get more explosive, faster.”

Though Schwarber knocked out 30 home runs this past season, his numbers were otherwise pedestrian. He hit .211/.315/.467 with 59 RBI and 67 runs scored in 486 plate appearances.

There has been some speculation that the Cubs will try to trade Schwarber to an American League team where he can be a DH. He’s a subpar defender, so making him a full-time DH makes a lot of sense. So far, though, the only team that has been linked to Schwarber this offseason has been the Red Sox.