Vegas Update - Day 11:45 PM EST

No shock here, the San Jose Mercury News rumor that CC Sabathia rejected the Yankees offer was just that, a rumor. Word now is that Brian Cashman has flown to California to meet with Sabathia and his wife.

As expected, the Dodgers have agreed to a 3-year deal with Casey Blake that will pay the free agent corner man/outfielder $17.5 million. The pact includes a club option for 2012.

The Orioles and Reds finalized their Ramon Hernandez-Ryan Freel swap, with the Orioles also receiving prospects Brandon Waring and Justin Turner. The O's are sending cash along with their former catcher.

ESPN's Steve Phillips believes the Brewers are looking to move Prince Fielder, possibly in a deal that would bring closer J.J. Putz from Seattle.

The Rays have met with former Yankee Jason Giambi.

The Orioles are expected to announce the signing of free agent infielder Caesar Izturis to a 2-year deal.

Having already locked up K-Rod, Ken Rosenthal reports the Mets are increasing their efforts to sign Raul Ibanez.

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Vegas Update - Day 3:10 EST

It looks like CC Sabathia won't be leaving Las Vegas with a contract. Sabathia's reps are scheduled to meet with the Giants this weekend. It also reenforces the notion that Sabathia doesn't want to pitch for the Yankees.

WFAN is reporting that the Braves are working hard on a deal with the White Sox to bring back their former outfielder, Jermaine Dye. If a deal does go through, it could open the door for a Jeff Francoeur to the Royals for Zack Greinke deal that has been rumored.

MLB.com is reporting that the Indians are close to a 1 year deal with free agent closer Kerry Wood.

The Baltimore Sun expects the Ramon Hernandez (Orioles) for Ryan Freel (Reds) trade to go down shortly.

According to Jayson Stark, the Rays are looking into bringing back Delmon Young, whom they dealt for Matt Garza and Jason Bartlett prior to this past season.

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Vegas Update - Day 2 8:20 AM EST

Jon Heyman of SI and Joel Sherman of the NY Post expect the Mets and free agent closer Francisco Rodriguez to work out a 3-year deal, worth app. $37 million, before the end of the winter meetings.

Rodriguez's agent, Paul Kinzer, said, "I am more optimistic than I have ever been" about finalizing a deal between the single-season save leader and the Mets.

It's hard to believe the Angels wouldn't match such an offer or bump it up a bit to keep K-Rod.

One team rep feels the Red Sox will sign Mark Teixeira. Why does that count any more than what we think?

These updates from Fox's Ken Rosenthal:

The Braves and Cards are trying to work out a deal that would send Rick Ankiel to Atlanta, but thus far the Cards are asking for Mike Gonzalez, and that's a no-go for Atlanta.

The Blue Jays are meeting with shortstop Rafael Furcal's agents, but the chance of signing the free agent are slim.

The Phillies are still looking at Delmon Young of the Twins, and have jumped into the Jake Peavy trade talks.

The Rangers are quietly shopping shortstop Michael Young according to an AL executive, so says Yahoo Sports' Tim Brown.

The Dodgers inked veteran Mark Loretta to a one year deal, meaning that Nomar's days in LA are numbered.

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