With the Dodgers, Greinke would pair with 2011 NL Cy Young winner Clayton Kershaw for a formidable top of the rotation. The Dodgers, infused with money after the sale this year to an ownership group that includes Magic Johnson, went 86-76 last season and finished eight games behind eventual World Series champion San Francisco in the NL West.
Greinke is 91-78 with a 3.77 ERA in nine seasons with the Brewers, Dodgers and Angels.
Greinke and slugger Josh Hamilton were the top two free-agent targets at the baseball winter meetings this week. Texas was interested in re-signing Hamilton, and he also drew attention from Seattle.
Phillies acquire Young
The Philadelphia Phillies acquired the seven-time All-Star infielder Michael Young from the Texas Rangers for two relief pitchers. The Rangers also will pay a significant portion of Young's salary for 2013. Young is due to earn $16 million, and reports stated the Phillies will pay him only about $6 million of it.
Young, who has spent all 12 of his seasons in the majors with the Rangers, leaves as the club's career leader in hits (2,230) and other categories, including runs, doubles and triples. He has a .301 career average with 177 homers, 984 RBIs and a .347 on-base percentage.
The Phillies sent right-hander Josh Lindblom and minor league righty Lisalverto Bonilla to the Rangers to get Young, who fills a void at third base.