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ARLINGTON, TX - NOVEMBER 01:  Josh Hamilton #32 of the Texas Rangers stretches in the outfield against of the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas.  (Photo
ARLINGTON, TX - NOVEMBER 01: Josh Hamilton #32 of the Texas Rangers stretches in the outfield against of the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas. (PhotoChristian Petersen/Getty Images

Today's Top Five MLB Rumors and Transactions

Chris HawkinsFeb 1, 2011

Spring training, a time of great anticipation, will be upon us in two weeks, and teams are still in the midst of retooling their teams.

The baseball world is wondering if Andy Pettitte will come back to the New York Yankees next year and what is going on with the talks between Josh Hamilton and the Texas Rangers.

Though it has been a fairly slow day, here are today's biggest rumors and transactions.

Alexei Ramirez Recieves Four-Year Extension

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CHICAGO - SEPTEMBER 14: Alexei Ramirez #10 of the Chicago White Sox celebrates hitting a two-run single in the 5th inning against the Minnesota Twins at U.S. Cellular Field on September 14, 2010 in Chicago, Illinois. (Photo by Jonathan Daniel/Getty Images
CHICAGO - SEPTEMBER 14: Alexei Ramirez #10 of the Chicago White Sox celebrates hitting a two-run single in the 5th inning against the Minnesota Twins at U.S. Cellular Field on September 14, 2010 in Chicago, Illinois. (Photo by Jonathan Daniel/Getty Images

According to Doug Padilla of ESPNChicago, the Chicago White Sox and Alexei Ramirez have agreed to a four-year contract extension.

The deal is believed to be worth $32.5 million, which also includes an option for the fifth year.

This season, Ramirez averaged 18 home runs and 70 RBI after his already impressive rookie season in 2008.

This is a great move for the White Sox, and I do not think it will be a stretch to say that Ramirez will be the best shortstop in the American League next year.

Will Andy Pettitte Pitch For The Yankees?

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ARLINGTON, TX - OCTOBER 22:   Andy Pettitte #46 of the New York Yankees looks on during batting practice against the Texas Rangers in Game Six of the ALCS during the 2010 MLB Playoffs at Rangers Ballpark in Arlington on October 22, 2010 in Arlington, Texa
ARLINGTON, TX - OCTOBER 22: Andy Pettitte #46 of the New York Yankees looks on during batting practice against the Texas Rangers in Game Six of the ALCS during the 2010 MLB Playoffs at Rangers Ballpark in Arlington on October 22, 2010 in Arlington, Texa

The veteran left-hander has been contemplating whether to call it a career or come back and pitch in New York.

Multiple reports confirm that the Yankees have a $12 million dollar offer on the table.

But the Yankees appear to be preparing for next season without Pettitte, as they have signed both Freddie Garcia and Bartolo Colon to minor league deals.

Hamilton and Rangers Still Negotiating

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ARLINGTON, TX - NOVEMBER 01:  Josh Hamilton #32 of the Texas Rangers bats against the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas. The Giants won 3-1. (Photo by Ro
ARLINGTON, TX - NOVEMBER 01: Josh Hamilton #32 of the Texas Rangers bats against the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas. The Giants won 3-1. (Photo by Ro

The negotiations continue between Josh Hamilton and the Texas Rangers about arbitration figures, but both sides continue to be far apart in the process. Hamilton desires $12 million deal and the Rangers submitted one worth $8.7 million.

Both are continuing to talk, in hopes of avoiding an arbitration hearing, something the Rangers haven't dealt with since Lee Stevens in 2000.

A promise of a long-term deal for Hamilton might help the two parties find a common ground.

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Orioles Make Final Offer To Guerrero

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ARLINGTON, TX - NOVEMBER 01:  Vladimir Guerrero #27 of the Texas Rangers looks on during batting practice against the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas.
ARLINGTON, TX - NOVEMBER 01: Vladimir Guerrero #27 of the Texas Rangers looks on during batting practice against the San Francisco Giants in Game Five of the 2010 MLB World Series at Rangers Ballpark in Arlington on November 1, 2010 in Arlington, Texas.

  According to multiple reports, the Baltimore Orioles are still in talks with Vladimir Guerrero and are willing to offer a deal worth between $4.5 million and $5.5 million.

Guerrero has another year of production left in him but could really make things interesting this summer for the O's. The team still needs a back-up catcher and a lefty reliever, but acquiring Guerrero will be a good start.

Yankees Sign Pitcher Freddy Garcia

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CHICAGO - AUGUST 10: Starting pitcher Freddy Garcia #43 of the Chicago White Sox delivers the ball against the Minnesota Twins at U.S. Cellular Field on August 10, 2010 in Chicago, Illinois. The Twins defeated the White Sox 12-6. (Photo by Jonathan Daniel
CHICAGO - AUGUST 10: Starting pitcher Freddy Garcia #43 of the Chicago White Sox delivers the ball against the Minnesota Twins at U.S. Cellular Field on August 10, 2010 in Chicago, Illinois. The Twins defeated the White Sox 12-6. (Photo by Jonathan Daniel

The Yankees appear as if they are preparing for life without Andy Pettittie, as they continue to wait on his decision.

Garcia will make $1.5 if he makes the major league and another $3.6 million in performance incentives.

After the inexpensive, but performance risky, pitcher signings of players recovering from injuries or showing their age, this appears to be a solid move for the Yankees.

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