Ken Rosenthal at FoxSports.com is reporting that the Phillies have come to terms on a two year deal with OF Geoff Jenkins. The deal is worth $13 million with an option for a third year.

Phillies GM Pat Gillick had this to say on the signing. “He can play right or left field and will give (manager) Charlie (Manuel) lineup options on an everyday basis.”

Jenkins has a lifetime .277 average which saw a significant drop to .255 last season. In 132 games played, he hit 21 homeruns while driving in 64 runs for the Brewers.

Jenkins will pretty much be replacing Aaron Rowand in the outfield and in the lineup, although this move will presumably shift Shane Victorino to CF.  Although Jenkins’ offensive numbers have been down over recent years, you have to be a little concerned that his numbers will improve because of the homerun friendly park he will be playing 81 games in.

Marc Lancaster of the Tampa Tribune has been told to expect a 50-50 chance that the Rays make another trade before the meetings are over in Nashville tomorrow.

Lancaster believes the Rays may be close to landing an outfielder or super-utility guy that they are seeking.

Of the most recent rumors, the Rays have been linked to outfielders Shawn Green, Geoff Jenkins, and Cliff Floyd who are on the free agent market and may look to go that direction if no trade happens.

Here’s whats brewing on the Hot Stove this Thursday morning…

• Yorvit Torrealba’s agent told the Denver Post that he expects his client to make a decision regarding the Mets contract offer today. Tracy Ringolsby in the Rocky Mountain News reports that the Mets have offered Torrealba a two-year deal worth $9 million. The Denver Post is reporting it to be a three-year, $15 million deal.
• Omar Minaya tells Ben Shpigel of the New York Times he has an idea of how much money it will take to sign his desired free-agent targets and knows which prospects and how many he would have to surrender to upgrade the Mets pitching staff.“Ideally, you’d always like a guy with 200-plus innings, you know what I’m saying?” Minaya said. “If for whatever reason Glavine does not come back, we have to look for a starting pitcher.”
• Speaking of Tom Glavine, Mets.com reports that Tom is getting some advice on his future from the most famous Tom in Mets history, Mr. Tom Seaver.
• Dan Graziano at the Star Ledger reports that the Yankees plan on continuing to pursue Mike Lowell even if they re-sign Alex Rodriguez. The Yankees plan on putting Lowell at first base.
• Jon Heyman on SI.com reports that the Yankees and Rodriguez are discussing a 10 year, $280 million contract.
• Buster Olney said on ESPN last night that he believes that Alex Rodriguez is taking a deeply discounted offer from the Yankees, 10-years for $220 million. I’ll believe this when I see it.
• The San Diego Union Tribune reports that the Padres expect Geoff Blum to sign with the Astros, and will likely let Milton Bradley walk as well. The Padres are looking at Geoff Jenkins and Andruw Jones as their top free agent targets.
• The St Louis Post Dispatch reports that Scott Rolen seems all but gone from St. Louis. The third baseman was reportedly unhappy with the letter he received from Tony La Russa that was an attempt to reconcile with Rolen.
• The St Louis Post Dispatch also reports that the Cardinals have interest in Carlos Silva and Kyle Lohse.
• 7Sports, a local Boston news television station, is reporting that the Braves, Angels, Cardinals and Yankees have all offered Mike Lowell four-year contracts worth between $55 million and $60 million.