Cubs ink Japanese reliever Kyuji Fujikawa to two-year, $9.5 million deal

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UPDATE: Rosenthal reports that Fujikawa is guaranteed $9.5 million as part of his deal with the Cubs. That’s a pretty nice chunk of change for a rebuilding team to give to a closer, especially one who has never pitched in the United States, but the Cubs are obviously confident he can make an impact in the late innings.

Fujikama will receive a $1 million signing bonus and salaries of $4 million for 2013 and 2014. The vesting option for 2015 is worth $5.5 million and could increase to $6 million based on games finished. If the option doesn’t vest, the Cubs hold a $5.5 million club option that can be bought out for $500,000.

4:50 PM: We heard last night that the Angels were considered the front-runners to land Japanese reliever Kyuji Fujikawa. But it turns out he’ll be headed elsewhere.

According to FOX Sports’ Ken Rosenthal, the Cubs have an agreement in place with Fujikawa. No word yet on the terms involved, but Rosenthal hears that the 32-year-old right-hander will get a two-year deal with a vesting option for a third.

Fujikawa is coming off a dominant run in Japan in which he posted a 1.36 ERA and 202 saves over the past six seasons with the Hanshin Tigers. Armed with a low-90s fastball, a slider and a forkball, he had a 1.32 ERA and 58/15 K/BB ratio over 47 2/3 innings this past season.

Rosenthal notes that Fujikawa will likely be used as the Cubs’ closer, so Carlos Marmol figures to be on the trade block in the coming days and weeks. The 30-year-old right-hander is owed $9.8 million next season and is due to hit free agency next offseason. He was nearly traded to the Angels last month for Dan Haren, but the deal reportedly fell apart due to concerns over Haren’s medicals.

Dodgers to retire Fernando Valenzuela’s No. 34 this summer

Robert Hanashiro-USA TODAY Sports
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LOS ANGELES – The Los Angeles Dodgers will retire the No. 34 jersey of pitcher Fernando Valenzuela during a three-day celebration this summer.

Valenzuela was part of two World Series champion teams, winning the 1981 Rookie of the Year and Cy Young awards. He was a six-time All-Star during his 11 seasons in Los Angeles from 1980-90.

He will be honored from Aug. 11-13 when the Dodgers host Colorado.

Valenzuela will join Pee Wee Reese, Tommy Lasorda, Duke Snider, Gil Hodges, Jim Gilliam, Don Sutton, Walter Alston, Sandy Koufax, Roy Campanella, Jackie Robinson and Don Drysdale with retired numbers.

“To be a part of the group that includes so many legends is a great honor,” Valenzuela said. “But also for the fans, the support they’ve given me as a player and working for the Dodgers, this is also for them.”