The Los Angeles Dodgers signed South Korean left-hander Ryu Hyun-jin shortly before a Sunday deadline, wrapping up a productive weekend.
The contract is for six years and $36 million.
The Dodgers also agreed to terms late Saturday with free agent pitcher Zack Greinke on a six-year, $147 million deal.
Los Angeles will enter the 2013 season with a record payroll of more than $230 million.
"We are excited to welcome Ryu Hyun-jin to Los Angeles and the United States, continuing the tradition of Korean pitchers with the Dodger organization," general manager Ned Colletti said in a statement released Sunday.
The Dodgers posted a fee of $25.7 million for the rights to negotiate with Ryu's agent, Scott Boras. Had they not worked out a deal by 2 p.m. Sunday, Ryu would have been returned to his South Korean team, the Hanwha Eagles.
Ryu, 25, pitched seven years in the Korean Baseball Organization, where he had a 2.80 ERA and 1,238 strikeouts in 1,269 innings.
"Obviously, there's pressure in all levels of baseball," Ryu said. "But from my experiences in Korea, I have no doubt I could succeed in the United States."
Royals-Rays trade: Kansas City acquired starting pitchers James Shields and Wade Davis from Tampa Bay for outfielder Wil Myers and a package of minor-league prospects.
Royals general manager Dayton Moore's aggressive move has shored up a starting rotation that has been abysmal for years. But doing so came at the cost of Myers, the minor leagues' top player last season.
The Rays also are getting right-hander Jake Odorizzi, who would have competed for a spot in the Royals' rotation this season, along with left-hander Mike Montgomery and third baseman Patrick Leonard. Kansas City also will receive a player to be named or cash.
Phillies: Philadelphia says it found its third baseman in Michael Young, a 36-year-old veteran who has not regularly played the position in two seasons and posted career-worst numbers in 2012.
The Young trade was made official Sunday, with relievers Josh Lindblom and Lisalverto Bonilla headed to Texas. The Rangers will reportedly pay $10 million of Young's $16 million salary in 2013.
The Phillies paid Young $1.2 million to waive his no-trade clause and also will grant him a new no-trade provision.
"Michael brings a lot to our team, not just on the field, but off it, as well," Phillies general manager Ruben Amaro Jr. said.
Young, a career .301 hitter, batted .277 with a paltry .312 on-base percentage in 2012.
The acquisition of Young leaves Kevin Frandsen and Freddy Galvis as utility infielders.
Yankees: Third baseman Alex Rodriguez said plans are set for him to have surgery on his left hip in mid-January. It's expected he could be sidelined until the All-Star break.
He had surgery on his right hip in 2009 and missed the first month of the season. But this surgery is more complex.
Diamondbacks: Arizona and former A's infielder Eric Chavez, 35, finalized a one-year, $3 million deal. He hit .281 with 16 homers in 278 at-bats in 2012 for the Yankees.
Indians: Cleveland and free agent infielder Mark Reynolds agreed to a one-year, $6 million deal.
He hit .221 with 23 homers and 69 RBIs for Baltimore in 2012. He also struck out 159 times in 457 at-bats.
The Philadelphia Inquirer and The Associated Press contributed to this report.