Arizona Diamondbacks -- Exercises option on SP Barry Zito, 1B Sean Casey, and C Todd Greene. Offers arbitration to RP Jeremy Affeldt, RP Aaron Fultz, SP Aaron Harang, RF Xavier Nady, SP John Patterson, LF Juan Rivera, C Javier Valentin, and RP Pete Walker; declines arbitration to 1B/LF Brian Buchanan, SP Wade Miller, and RP John Wasdin. Trades RP Jeremy Affeldt, 2B Freddy Sanchez, and its 4th round pick to Pittsburgh for AA OF Chris Duffy. Pays CF Steve Finley a contract buyout of $700,000.

Atlanta Braves -- Offers arbitration to CF/LF Eric Byrnes, RP Lance Carter, SP Shawn Chacon, LF Jack Cust, RP Julio Mateo, SP Vicente Padilla, and RP John Parrish. Trades A SP Anthony Lerew to Arizona for SP Miguel Batista.

Baltimore Orioles -- Exercises option on CL Eddie Guardado; declines option on RP Jason Christiansen. Offers arbitration to C Ramon Castro, 3B Joe Crede, and RP Brendan Donnelly; declines arbitration to RP Armando Almanza, RP Jung Bong, 3B David Newhan, and LF/1B Chris Richard. Trades SP Andy Pettitte, RP Brendan Donnelly, AAA SS Eddy Garabito, and its 2nd round pick to Colorado for 3B Aramis Ramirez and the Rockies' 4th round pick. Demotes RP Matt Riley to AAA Ottawa and promotes RP Chris Ray and RP Todd Williams to the 25-man roster. Trades 3B Joe Crede to Kansas City for the Royals' 2nd round draft pick.

Chicago Cubs -- Exercises option on 1B Doug Mientkiewicz. Offers arbitration to 2B Marlon Anderson, RP Nate Cornejo, C Jose Molina, and C Vance Wilson; declines arbitration to 3B Eric Munson and OF Jason Tyner. Pays RP Randy Choate a contract buyout of $75,000 and SP Chan Ho Park a contract buyout of $1,500,000. Re-signs CF Jose Cruz, Jr. Demotes OF Dave Kelton, SP Jon Leicester and RP Javier Lopez to the minors.

Chicago White Sox -- Exercises options on SP Kazuhisa Ishii, 2B Jeff Kent, and RP Cliff Politte. Offers arbitration to RF Endy Chavez, C Toby Hall, SP Runelvys Hernandez, and SP Dontrelle Willis; declines arbitration to RP Carlos Almanzar, SP Brandon Duckworth, C Geronimo Gil, and RP Ricky Stone. Re-signs LF Hideki Matsui. Demotes RP Brian Powell to AAA Charlotte and promotes RP Gary Majewski and RP/SP Jon Rauch to the 25-man roster.

Cincinnati Reds -- Exercise options on SP Tom Glavine, 2B Mark Loretta, SP Glendon Rusch, SP Jason Schmidt, and SP Tanyon Sturtze. Offers arbitration to RP Mike Gallo, SP Joe Kennedy, CF Tike Redman, and CF Alex Sanchez. Trades RP Ray King and SP Jason Schmidt to the Chicago White Sox for 2B/3B Placido Polanco, A SP Brandon McCarthy, and the White Sox 1st round draft pick (#8 overall).

Cleveland Indians -- Exercises options on SP Elmer Dessens and SP/RP John Halama; declines option on CF Bernie Williams. Offers arbitration to SP Adam Eaton, C/3B Edwards Guzman, 2B/CF Jerry Hairston, RP/SP Travis Harper, and C A.J. Pierzynski; declines arbitration to 1B/DH Ken Harvey. C Mitch Meluskey retires.

Colorado Rockies -- Exercises options on SP Esteban Loaiza and SP Jeff Suppan; declines option on C Mike Lieberthal. Offers arbitration to LF Adam Dunn, SP Jason Marquis, LF/CF Timo Perez, 2B Brian Roberts, and RP Dan Wheeler; declines arbitration to 1B Lou Merloni. Demotes RP Phil Norton to AAA Colorado Springs and promotes 3B Garrett Atkins, SP Aaron Cook, and OF Brad Hawpe to the 25-man roster.

Detroit Tigers -- Exercises options on 2B Ray Durham, DH/1B Frank Thomas, RP David Weathers, and SP Keiichi Yabu; declines option on RP Steve Karsay. Offers arbitration to SP Cliff Lee and RP Scott Strickland.

Florida Marlins -- Exercises option on SP/RP Casey Fossum; declines options on 1B Scott Hatteberg and RP Braden Looper. Offers arbitration to SP Joaquin Benoit, RP Chad Bradford, C Brandon Inge, SP Rodrigo Lopez, LF/CF Jason Michaels, and SP Horacio Ramirez; declines arbitration to C Ben Davis and SP Kyle Lohse.

Houston Astros -- Exercises options on 2B Craig Biggio, SP Mark Redman, and SP Steve Trachsel. Offers arbitration to C Rod Barajas, SP R.A. Dickey, and 2B/SS D'Angelo Jimenez. Trades SP Mark Redman, AAA 2B Aaron Miles, AA SP Ezequiel Astacio, A SP Jason Hirsh, and A OF Luke Scott to Texas for SP Mike Mussina and RP Jose Valverde.

Kansas City Royals -- Exercises option on 2B Ronnie Belliard. Offers arbitration to CF Rocco Baldelli, 3B/RF Rob Mackowiak, SP/RP Jorge Sosa and LF/1B Brad Wilkerson; declines arbitration to SP Tim Redding. Trades 2B Ronnie Belliard to Arizona for AAA SP Dustin Nippert. Promotes RP Ambiorix Burgos, RF Emil Brown, 2B Ruben Gotay, C Paul Phillips, and RP Andrew Sisco to the 25-man roster. Trades its 1st round pick (#2 overall) to Los Angeles for SP Mike Maroth and two 1st round picks (#24 and #30 overall). Trades RP Joe Nathan to Arizona for AA OF Chip Ambres, AA C/1B Daric Barton, and AA OF Chris Duffy.

Los Angeles Dodgers -- Exercises option on SP Mark Mulder. Offers arbitration to RP Giovanni Carrara, 2B Marcus Giles, SP Mike Maroth, CF Gary Matthews, CF Dave Roberts, CL Francisco Rodriguez, C Dave Ross, and RP/SP Scot Shields; declines arbitration to SP Mark Hendrickson. Trades 1B/LF Ryan Klesko, AAA RP Johnathan Broxton, A 3B Blake DeWitt, and its two 2nd round draft picks received from St. Louis and Texas to Pittsburgh for the Pirates' 1st round draft pick. Demotes RP Rodney Myers, LF Jason Repko, and RF/LF Marcus Thames to AAA Las Vegas.

Milwaukee Brewers -- Declines option on RP Scott Williamson. Offers arbitration to RP Rocky Biddle, C Chad Moeller, 2B Luis Rivas, and 3B Jared Sandberg; declines arbitration to LF Brooks Kieschnick. Trades SS Miguel Tejada, A 3B Ryan Brown, and its 3rd round pick to San Diego for SP Jon Garland, SS Cristian Guzman, and the Padres' 2nd round pick. Trades 3B Troy Glaus and AAA OF Corey Hart to St. Louis for 1B/3B Pedro Feliz and SP Mark Prior.

Minnesota Twins -- Offers arbitration to 2B/CF Chone Figgins, SP Ted Lilly, RP Trever Miller, C Brian Schneider, 3B Mark Teixeira, and RP Ryan Wagner; declines arbitration to DH Josh Phelps. Re-signs RP Mike Timlin. Demotes SP Dave Gassner and 3B/1B Terry Tiffee to AAA Rochester. Pays SP Jaret Wright a contract buyout of $1,400,000 ($700,000 in 2006 and $700,000 in 2007).

New York Mets -- Exercises option on SS Julio Lugo; declined option on RP Dae-Sung Koo. Offers arbitration to 1B Ben Broussard, RP/SP Bruce Chen, SP Carlos Hernandez, SS/2B Felipe Lopez, LF Kevin Mench, CF Wily Mo Pena, and RP Rafael Soriano; declines arbitration to SP Jose Acevedo, SP Miguel Asencio, and 2B Matt Kata. SP Garret Stephenson retired.

New York Yankees -- Exercises option on RP Felix Heredia; declines option on SP Joe Mays. Offers arbitration to 3B Russell Branyan, LF/RF Jeff DaVanon, RF/1B Jay Gibbons, CF Corey Patterson, RF/CF Kerry Robinson, and SP Kirk Saarloos; declines arbitration to 2B Mark Ellis, 1B Randall Simon and RP Brandon Villafuerte. Promotes 2B Robinson Cano, OF Bubba Crosby, SP Aaron Small, and SP Chien-Ming Wang to the 25-man roster.

Oakland Athletics -- Declines options on RP Shigetoshi Hasegawa, RP Jamie Walker, and 3B/OF Eric Young. Offers arbitration to SP Bronson Arroyo, SP/RP Juan Cruz, and 2B/3B Mark DeRosa; declines arbitration to 3B Sean Burroughs and SS Chris Woodward. Pays 1B Phil Nevin a contract buyout of $1,145,000. Promotes 1B Dan Johnson to the 25-man roster.

Philadelphia Phillies -- Exercises options on 2B Pokey Reese and SP C.C. Sabathia. Offers arbitration to RP Jesus Colome, CF Austin Kearns, SP John Lackey, 3B Mike Lamb, RP Guillermo Mota, C Miguel Olivo, and SP Kip Wells; declines arbitration to 1B Hee Seop Choi and SP Toma Ohka. Trades SP John Lackey and its 3rd round pick to Tampa Bay for OF Joey Gathright and SS B.J. Upton. Trades RP Keith Foulke and AAA 2B Pablo Ozuna to Arizona for SP Curt Schilling, A SP Matt Chico, and $2,800,000 of Schilling's 2006 salary. Demotes C John Castellano, 1B Jim Rushford, and SP Keith Bucktrot to AAA Scranton/Wilkes-Barre.

Pittsburgh Pirates -- Exercises options on SP John Thomson and 2B Todd Walker; declines options on RP Jose Mesa and 2B Desi Relaford. Offers arbitration to RP Pete Munro, RP/SP John Riedling and SP Dave Williams; declines arbitration to RP Brandon Lyon and C/1B Jason Phillips. Trades CF Torii Hunter, SS Jose Castillo and the 4th round pick from Arizona to Philadelphia for SP C.C. Sabathia.

San Diego Padres -- Exercises option on LF Jay Payton; declines option on SP Ramon Ortiz. Offers arbitration to RP/SP Jim Brower, RP Kiko Calero, SP Jon Garland, CF Juan Pierre, RP David Riske, SP Jerome Williams, and RF/1B Craig Wilson; declines arbitration to CF Marlon Byrd and 1B Carlos Pena. Trades RP Brad Lidge to San Francisco for AAA SP Matt Cain and A SS/2B Marcus Sanders. Demotes C Yamid Haad to AAA Portland and promotes 2B Josh Barfield, SS Yunieski Betancourt, SP Matt Cain, RP Marcos Carvajal, OF Freddy Guzman, and RP Clay Hensley to the 25-man roster.

San Francisco Giants -- Exercises option on 1B Tino Martinez; declines options on RP Antonio Alfonseca and LF Barry Bonds. Offers arbitration to RF/LF Brady Clark, 2B/CF Willie Harris, and 3B Alex Cintron; declines arbitration to RP Travis Driskill, RF Alex Escobar, SP Ryan Franklin, RF Jody Gerut, CF Aaron Guiel, 2B Orlando Hudson, RP Jorge Julio, and RF/LF Ryan Ludwick.

Seattle Mariners -- Exercises option on RP Danys Baez; declines option on RP Danny Graves. Offers arbitration to RF/CF Coco Crisp, RP Jason Davis, and C Paul Lo Duca; declines arbitration to 2B Damian Jackson, RP C.J. Nitkowski, and RP Kelly Wunsch. Promotes SP Felix Hernandez and 3B/SS Jhonny Peralta to the 25-man roster.

St. Louis Cardinals -- Exercises option on RP Akinori Otsuka. Offers arbitration to 2B/CF Ryan Freel, 1B Nick Johnson, CF Luis Matos, RP Erasmo Ramirez, RP Brian Shouse, C Yorvit Torrealba, SP/RP Josh Towers, and SP Doug Waechter; declines arbitration to SP/RP Josh Fogg and C Adam Melhuse. Trades OF Ryan Freel, SP Josh Towers, AAA SP Adam Wainwright, and AA C Daric Barton to Arizona for SP Barry Zito. Promotes RP Jason Bulger, OF John Rodriguez, and RP Derrick Turnbow to the 25-man roster. Trades RP Akinori Otsuka to Arizona for 3B/SS Wilson Betemit.

Tampa Bay Devil Rays -- Exercises options on RF Randy Winn and C Gregg Zaun. Offers arbitration to RP Luis Ayala, RP Rafael Betancourt, RF Bobby Kielty, SP Gil Meche, 3B Craig Monroe, SP Oliver Perez, and SP Victor Zambrano; declines arbitration to RP Luis Vizcaino. Promotes OF Jonny Gomes and RP Chad Orvella to the 25-man roster. Trades SP Oliver Perez to Arizona for AA SS Stephen Drew and Arizona's 3rd round draft pick.

Texas Rangers -- Exercises options on RF/LF Jose Guillen and 1B/LF Dmitri Young. Offers arbitration to CF Milton Bradley, CL Chad Cordero, SP Zach Day, 3B/1B Shea Hillenbrand, SP Brett Myers, 2B Alfonso Soriano, and RP Tim Spooneybarger; declines arbitration to 2B Bo Hart and C/1B Matthew LeCroy.

Toronto Blue Jays -- Exercises options on 2B Rich Aurilia and 2B Frank Menechino; declines options on LF Jeromy Burnitz and SP Woody Williams. Offers arbitration to SP Jeremy Bonderman, RP Brain Fuentes, RP/SP Chris Reitsma, and 3B Ty Wigginton; declines arbitration to 2B Mark Bellhorn, C Jason LaRue, RP Shingo Takatsu, and SS Ramon Vazquez. Promotes SP Gustavo Chacin to the 25-man roster.

Washington Nationals -- Exercises option on RF Carlos Lee; declines option on RP Paul Quantrill. Offers arbitration to LF Larry Bigbie, RP Joe Borowski, C Johnny Estrada, RP Mike MacDougal, 1B Lyle Overbay, RP Oscar Villareal, and SP Carlos Zambrano; declines arbitration to RP Ron Mahay. Re-signs RP Scott Sauerbeck. Demotes C John Buck, 2B Chris Burke, RF Matt Diaz, SS Maicer Izturis, 3B Norihiro Nakamura, SP Anthony Reyes, and RP Oscar Villareal to AAA Edmonton.

SP/RP Rolando Arrojo, RF Danny Bautista, RP Rod Beck, SP Jason Bere, RP Brian Boehringer, RP Brian Bowles, RP Troy Brohawn, 2B Homer Bush, RP Paxton Crawford, RP Mike Crudale, SP/RP Omar Daal, RP Jayson Durocher, RP Cal Eldred, RP Pedro Feliciano, C Joe Girardi, CF Doug Glanville, RP/SP Joey Hamilton, RF Jeffrey Hammonds, C A.J. Hinch, RP Darren Holmes, C/3B Tyler Houston, RP Mike Jackson, RP Curtis Leskanic, SP Carlton Loewer, RP Julio Manon, C Brent Mayne, LF/1B Dave McCarty, C Mitch Meluskey, SP Denny Neagle, SP Darren Oliver, SS, Rey Ordonez, C Keith Osik, LF Adam Piatt, SP/RP Shane Reynolds, RP John Rocker, RP Jason Shelly (AA Huntsville Stars), RP Paul Shuey, RP/SP Steve Sparks, SP Garrett Stephenson, RF Bubba Trammell, RF John Vander Wal, LF Joe Vitiello, RF Larry Walker, RP Turk Wendell, C Dan Wilson.

RP Terry Adams, SP Andy Ashby, 1B Jeff Bagwell, RP Rocky Biddle, C Pat Borders, SP Kevin Brown, SP/RP Dave Burba, 2B Wilson Delgado, SP/RP Darren Dreifort, RP John Franco, 1B Brad Fullmer, C Charles Johnson, RP Billy Koch, SP Al Leiter, 1B Tino Martinez, RP/SP Terry Mulholland, SP/RP Robert Person, RP Dennys Reyes, RF Tim Salmon, 1B/3B Scott Spiezio, CF Bernie Williams.