SATURDAY, 10:27am: Troy Renck has the contract details: Lopez will earn $650K if he makes the team. He can opt out June 15 if he's not on the major league roster.
WEDNESDAY: According to SI.com's Jon Heyman, the Phillies signed pitcher Rodrigo Lopez to a minor league deal.
The Rockies acquired Lopez from the Orioles in January of 2007, but he was diagnosed with a torn flexor tendon in his elbow in July of that year and had surgery in August. He signed a minor league deal with the Braves in August of last year, but they declined his '09 option. As far as I can tell, Lopez is represented by Scott Boras.