MLB Winter Meetings 2016 Day 1: Live Coverage of All the Latest Deals, Rumors

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.

A wholly underwhelming free-agent market that has already seen a number of notable dominoes fall should result in more activity than normal on the trade market, leaving this year's meetings with a trade-deadline-type feel.

As Day 1 of the meetings progresses, we'll have all the pertinent rumors, news and transactions right here in one convenient tracker.

Check back early and often for all the latest from this year's winter meetings.

Done Deals

Monday: Toronto Blue Jays sign IF/OF Steve Pearce for two years, $12.5 million, according to Buster Olney of ESPN.

Monday: San Francisco Giants sign RP Mark Melancon for four years, $62 million, per Buster Olney of ESPN and Joel Sherman of the New York Post.

Monday: Los Angeles Dodgers re-sign SP Rich Hill for three years, $48 million, reports Jon Heyman of Today's Knuckleball.

Monday: Philadelphia Phillies sign RP Joaquin Benoit for one year, $7.5 million, according to Matt Gelb of the Philadelphia Inquirer.