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The Los Angeles Dodgers were so enamored with Rich Hill after acquiring him in August that they have decided to keep him around with a new contract extension, announcing Monday that they had signed him to a three-year contract.

Andy McCullough of the Los Angeles Times reported the deal is worth $48 million.  

According to Jeff Passan of Yahoo Sports, Kansas City Royals closer Wade Davis is on the trade block:

Davis, 31, was excellent in 2016, finishing 2-1 with a 1.87 ERA, 1.13 WHIP, 27 saves in 30 opportunities and 47 strikeouts in 43.1 innings pitched. 

More to follow.

Mark Melancon spent the second half of the 2016 season with the Washington Nationals, but the 31-year-old closer is moving on from the reigning National League East champions after reportedly signing with the San Francisco Giants on Monday. 

The Philadelphia Phillies took a big step toward shoring up their bullpen with the addition of Joaquin Benoit on Monday. 

According to Jon Heyman of Today's Knuckleball, the 39-year-old reliever signed with the club after Jim Salisbury of CSNPhilly.com reported the two sides were close Sunday night.

The Toronto Blue Jays added a high-upside player to the roster Monday with the signing of Steve Pearce to a two-year, $12.5 million deal.

The Blue Jays confirmed the deal on Monday after ESPN's Buster Olney first reported the agreement and terms. 

Under Armour is coming to Major League Baseball. The apparel company announced a 10-year partnership with MLB that will make it baseball's official uniform supplier beginning in 2020.

Between the new collective bargaining agreement being hammered out, a number of notable free agents already signing and a handful of significant trades, it's been a busy first month of the MLB offseason.

Now the hot stove is ready to erupt as the MLB world converges on National Harbor, Maryland, for the annual winter meetings—a four-day event that will run from Monday, Dec. 5, until Thursday, Dec. 8.

The Los Angeles Dodgers are looking to make a splash on the open market during the offseason, and Buster Olney of ESPN The Magazine reported that they are shopping right-handed pitcher Brandon McCarthy in an effort to create additional space on the 40-man roster. 

Continue for updates.

The Los Angeles Dodgers have a crowded roster heading into the meat of their offseason and are reportedly shopping left-handed pitcher Scott Kazmir to create additional space, per Buster Olney of ESPN The Magazine.

Continue for updates.

Matt Holliday struggled to find his previous All-Star form throughout an injury-marred 2016 season, but the New York Yankees reportedly took a chance on him Sunday.