9:07pm: K-Rod will receive over $2MM in the settlement, reports USA Today's Bob Nightengale.
7:48pm: Liz Mullen of The Sports Business Journal reports (on Twitter) that WMG settled a case brought against firm by Francisco Rodriguez, then fired Kinzer for failing to file the reliever's no trade list while the Mets.
7:24pm: Agent Paul Kinzer has parted ways with the Wasserman Media Group, reports Jon Paul Morosi of FOX Sports. Long-time agent Arn Tellem will continue to lead WMG's sports practice.
Kinzer represents high-profile players like Starlin Castro, Aramis Ramirez, Alex Rios, and Carlos Correa (the first overall pick in this year's draft), though Morosi says it's unclear what will happen to his clients.