(Readers: Add your insight into today's transactions via comments.)
Baltimore Orioles: Agreed to terms with pitcher George Sherrill on a one-year contract. Sherrill got $2.75 million and the deal nixes the pending arbitration hearing. Sherrill is a poster child for why closers are overrated and overpaid. He's a mediocre pitcher, but bring him into the game in just the right circumstances and he can record 31 saves.
Minnesota Twins: Signed free agent pitcher Luis Ayala to a one-year contract. Worth $1.3 million with another $600,000 in incentives. He'll compete for the setup role. If he pitches like he did from 2003-07, it's good value.
Toronto Blue Jays: Agreed to terms with pitcher Shawn Camp on a one-year contract. After signing Ken Takahashi yesterday, the Jays decide to double-down on ineffective - but cheap! - relievers.