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Update: Angels and Mike Trout agree on six-year, $144.5 million contract extension

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MLB.com’s Alden Gonzalez is reporting that the Angels and outfielder Mike Trout are close to finalizing a contract extension worth $144.5 million over six years. [Update: The Angels official Twitter confirms the deal. The team will make an announcement on Saturday.]

Trout is currently eligible for arbitration for the first time after the season, so the extension would cover all three arbitration years and the first three years of free agency.

Trout was the runner-up in AL MVP balloting in each of the last two seasons, losing both times to Miguel Cabrera of the Tigers. Cabrera made headlines yesterday when he agreed to a ten-year deal worth $292 million, with eight years and $248 million of it being new.

The average annual value of Trout’s reported extension, in excess of $24 million, doesn’t touch Cabrera’s AAV of $31 million.

Report: Royals and Eric Hosmer have discussed a long-term contract extension

SAN DIEGO, CA - JULY 12:  Eric Hosmer #35 of the Kansas City Royals and the American League rounds the bases after hitting a home run against the National League in the 2nd inning of the 87th Annual MLB All-Star Game at PETCO Park on July 12, 2016 in San Diego, California.  (Photo by Denis Poroy/Getty Images)
Denis Poroy/Getty Images
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Ken Rosenthal of FOX Sports reports that the Royals and first baseman Eric Hosmer have discussed a long-term contract extension. However, Hosmer also indicated that he will head into free agency if a deal is not consummated by Opening Day.

Hosmer, 27, avoided arbitration with the Royals last month, agreeing to a $12.25 million salary for the 2017 season. He is one of four key Royals players who can become a free agent after the season along with Mike Moustakas, Alcides Escobar, and Lorenzo Cain. If Hosmer does reach free agency, he would arguably be the top free agent first baseman.

Hosmer finished the past season hitting .266/.328/.433 with 25 home runs and 104 RBI while making his first All-Star team.

Yankees sign Jon Niese to a minor league deal

PHOENIX, AZ - AUGUST 17:  Jonathon Niese #49 of the New York Mets delivers a pitch during the first inning against the Arizona Diamondbacks at Chase Field on August 17, 2016 in Phoenix, Arizona.  (Photo by Jennifer Stewart/Getty Images)
Jennifer Stewart/Getty Images
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Joel Sherman of the New York Post reports that the Yankees have signed pitcher Jon Niese to a minor league contract, pending a physical. Assuming the deal is finalized, Sherman notes that the Yankees will have Niese work as both a starter and a reliever in big league camp this spring.

According to Sherman, the Yankees were interested in lefty relievers Jerry Blevins and Boone Logan, but didn’t want to commit at their asking prices. They are looking for a lefty set-up man along with Tommy Lane.

Niese, 30, pitched for the Pirates and Mets last season, finishing with a 5.50 ERA and an 88/47 K/BB ratio over 121 innings.