UPDATE: Brewers agree to long-term contract with Yovani Gallardo

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UPDATE: Gallardo gets a five-year deal (including 2010) with a sixth-year team option, so the Brewers potentially bought out his first two seasons of free agency.
11:45 AM ET: Tom Haudricourt of the Milwaukee Journal Sentinel reports that the Brewers “are believed to be closing in on contract extension” with Opening Day starter Yovani Gallardo.
Milwaukee has scheduled a press conference for this afternoon, presumably to announce the deal with Gallardo, who will be arbitration eligible for the first time next season and has three more years remaining under team control.
After missing most of 2008 with an ACL team in his right knee, Gallardo won 13 games with a 3.73 ERA and 204 strikeouts in 185.2 innings as a 23-year-old last season. His control was shaky with the second-most walks in the league at 94, but he also ranked second in strikeout rate and held opponents to a .219 batting average.
Gallardo had good control in the minors and walked just 45 batters in 134.1 innings before suffering the knee injury, so at age 24 he seems likely to take a big step forward this season. In other words, if the Brewers can pre-pay for his arbitration years and buy out a year or two of free agency before his value rises they’ll have taken a very smart risk.

Report: Astros, Michael Brantley agree to two-year, $32 million contract

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Ken Rosenthal of The Athletic reports that the Astros and outfielder Michael Brantley are closing in on an agreement for a two-year contract in the $32 million range.

Brantley, 31, played a mostly full season last year for the first time since 2015. He hit .309/.364/.468 with 17 home runs, 76 RBI, 89 runs scored, and 12 stolen bases in 631 plate appearances. He made the AL All-Star squad for the third time in his career.

Brantley’s health, though, is why he had to settle for a two-year deal as opposed to a longer contract for a player of his caliber. He will take over in left field. In the event Brantley succumbs to injury woes, the Astros have top prospect Kyle Tucker waiting in the wings.

Update: According to Jeff Passan of Yahoo Sports, who also reports that the deal is in place, the Astros plan to rotate Brantley between left field, first base, and DH. That opens up some more playing time for Tucker.