Report: Mariners agree to one-year deal with left-hander Joe Saunders

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UPDATE: The deal is worth between $5-7 million and includes an option for 2014, according to Scott Boeck of USA Today.

7:46 PM: This isn’t quite on the level of the big Felix Hernandez news, but FOX Sports’ Ken Rosenthal reports that the Mariners have signed left-hander Joe Saunders to a one-year contract, pending a physical. No word yet on the terms involved.

Saunders was reportedly holding out for a multi-year deal this offseason, but his market clearly didn’t develop as hoped. The Orioles and Twins were also mentioned as possible landing spots in recent weeks, but apparently the Mariners had the best offer on the table.

Saunders owns a 4.15 ERA over eight seasons in the majors, including a 4.07 ERA and 112/39 K/BB ratio over 174 2/3 innings last season between the Diamondbacks and Orioles. The 31-year-old will essentially fill the spot of fellow southpaw Jason Vargas, who was traded to the Angels earlier this winter in the Kendrys Morales deal.

Report: Orioles to name Brandon Hyde new manager

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Update (8:23 PM ET): MASN’s Roch Kubatko talked to new GM Mike Elias, who said there has been no offer made to Hyde for the position. Elias called the report “premature.”

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The Orioles are expected to name Cubs bench coach Brandon Hyde as the new manager, Joel Sherman of the New York Post reports. Nothing is official yet.

Hyde, 45, spent four seasons in the minors with the White Sox from 1997-2000, then played in the independent Western League in 2001 before calling it quits. He was a coach with the Marlins from 2010-12 and has been with the Cubs since 2013.

Other candidates for the Orioles’ open managerial position have included Pedro Grifol, Chip Hale, Mike Redmond, Mike Bell, and Manny Acta.

Hyde is taking over for Buck Showalter, who was at the helm of the Orioles from 2010-18. Last season, however, the Orioles finished 47-115, the worst record in team history. Hyde will be taking over a team that is rebuilding, so the expectations will be relatively low in his first couple of seasons.