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Week In Review: 7/8/12 - 7/14/12

By Daniel Seco [July 16, 2012 at 7:32am CST]

With the non-waiver trading deadline quickly approaching, let's catch up on the week that was here at MLBTR...

MLB upheld the $4.5MM contract between the Rangers and Dominican outfielder Jairo Beras. However, MLB suspended Beras for one year after determining that the prospect lied about his age.
The Blue Jays signed Edwin Encarnacion to a three-year, $27MM contract extension. Encarnacion, who was set to hit free agency this offseason, added a multi-homer game over the weekend and now has 25 homers on the season.
With minutes remaining before the deadline to sign draft picks, the Orioles agreed to sign first round selection Kevin Gausman to a deal that includes a $4.3MM bonus.
Meanwhile, the Pirates failed to reach a deal with first round pick Mark Appel, as the right-hander will return to Stanford for his senior season. Appel was the only first round selection who didn't sign.
The Cubs agreed to sign first round selection Albert Almora for $3.9MM; the Marlins agreed to sign first round selection Andrew Heaney for $2.6MM; first round selection Lucas Giolito agreed to sign with the Nationals for $2.925MM; first round selection Richie Shaffer agreed to sign with the Rays for $1.7125MM; and first-round draft pick Ty Hensley signed with the Yankees for $1.2MM.
The Cardinals signed Brian Fuentes to a minor league contract after the Athletics released the Beverly Hills Sports Council client earlier last week.
The Yankees signed Kosuke Fukudome to a minor league contract and is expected to report to New York's Triple-A affiliate.
Some AL teams added pitching depth, as the Blue Jays signed right-hander Chris Jakubauskas to a minor league deal and the Athletics signed right-hander Chris Ray and assigned him to Triple-A.
The Mariners signed David Pauley to a minor league deal. This is the right-hander's second stint with the M's, after being dealt from Seattle to Detroit as part of the Doug Fister trade last July.
Jay Gibbons announced his retirement from baseball after playing nine season in the big leagues with the Orioles and Dodgers.
Left-hander J.C. Romero opted out of his deal with the Orioles and elected free agency.
The Dodgers acquired minor league infielder Osvaldo Martinez from the White Sox for cash considerations.
The Orioles designated Dana Eveland for assignment and outrighted Ronny Paulino to Triple-A.
The Red Sox designated Justin Germano for assignment in order to clear roster space for the return of Jacoby Ellsbury from the disabled list.