Cardinals Sign Korean Pitcher Seung-Hwan Oh

The St. Louis Cardinals have signed Korean pitcher Seung-Hwan Oh, who was an effective closer for the Hanshin Tigers in Japan last season, to a one-year contract with a club option for a second year.

A source told the St. Louis Post-Dispatch that the total value of the contract, including the option, could reach around $5 million.

Oh, 33, had 41 saves last year and has 357 career saves. He's expected to be a setup man for closer Trevor Rosenthal, who set a franchise record with 48 saves last season.

Earlier this winter, the Cardinals unsuccessfully bid on Korean first baseman Byung-Ho Park, who landed with the Twins. Last year, they bid on shortstop Jung Ho Kang, who plays for the Pirates.

MLB Declares 16-Year-Old Free Agent

Major League Baseball has declared Cuban outfielder Lazaro Armenteros a free agent, according to multiple reports.

Armenteros, 16, established residency in Haiti in May and will be eligible to sign with a team on Feb. 10.

Nicknamed Lazarito, the 6-foot-2, 205-pound phenom held a showcase that drew 140 scouts last week in the Dominican Republic, according to MLB.com.

In 2014, Armenteros helped Cuba to an under-15 World Cup title. In nine games, he hit .462 with eight RBIs, three doubles, five triples and nine runs scored.