Alex Rodriguez to undergo hip surgery on January 16

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MLB.com beat writer Bryan Hoch passes along news from the Yankees:

The Yankees signed Kevin Youkilis to a one-year, $12 million free agent contract early last month and will feature him as their starting third baseman through at least the first half of the 2013 season.

A-Rod’s owed $28 million in 2013, $25 million in 2014, $21 million in 2015, and $20 million in 2016 and 2017.

Reds to interview John Farrell

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MLB.com’s Mark Sheldon reports that the Reds will interview John Farrell as the club attempts to find a full-time manager. Dick Williams, the Reds’ president of baseball operations, has already interviewed Pat Kelly, Billy Hatcher, and Freddie Benavides. Interim manager Jim Riggleman will be interviewed after the season. Williams clarified that Barry Larkin is not a candidate. Per C. Trent Rosecrans of The Athletic, Williams hopes to have a new manager in place by the end of October.

The Reds got off to an abysmal 3-15 start, prompting the organization to fire Bryan Price. Riggleman took over in his place and the team seemed to respond, playing .500 ball under his leadership through the end of June. The club eventually fell back to earth, going 9-19 in August and is currently 9-13 in September.

Farrell, 56, managed the Blue Jays for two seasons in 2011-12, then took over at the helm of the Red Sox between 2013-17. The Red Sox won the World Series in 2013 and made the playoffs in three of his five seasons in Boston.