Paul White, Paul Finch

Mars signs Paul Finch to a 7 year, 140 million dollar extension. This makes him the 3rd highest paid pitcher in the game, after Pedro Lewis and Suzuke Mazdahonda of New York, and matches the annual amount Don Law signed 8 years ago.

Philadelphia signs Paul White to a 3 year, 45 million dollar extension.

Baltimore trades 3B Mike Reed to Boston for infielder Alex Santana, freeing up salary space in an attempt to resign Joe Young. Baltimore wanted to move Reed anyway to free up 3rd base for Brett Thompson, their top prospect.

Word is that Young is close to an agreement with the Colts, but there may be some hangup in the legal language.