Orioles Nearing Deal With Tsuyoshi Wada

11:22am: The Orioles are "really working on" a deal for Chen as well, tweets Connolly. There's more competition for Chen, who will likely cost more than Wada in terms of years and dollars.

9:35am: The sides are nearing a two-year, $8.15MM deal that will include an option for 2014, according to Jon Paul Morosi of FOX Sports (Twitter links).

8:46am: The Orioles are closing in on a multiyear deal with Japanese left-hander Tsuyoshi Wada, according to Dan Connolly of the Baltimore Sun. The Orioles haven't finalized an agreement with the free agent, but they're "getting there." 

Wada posted a 1.51 ERA with 8.2 K/9 and 1.9 BB/9 in 184 2/3 innings for the Fukuoka Softbank Hawks in 2011. The 30-year-old is a Dallas Braden type with "a 86-87 mph fastball, a good circle change, and a solid slider," according to Patrick Newman of FanGraphs

Connolly notes that the Orioles remain interested in left-hander Wei-Yin ChenMLBTR's Tim Dierkes suggested in November that a four-year, $20MM deal might be enough to sign the 26-year-old free agent. He posted a 2.68 ERA with 5.1 K/9 in 164 2/3 innings this past season.

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