January 28: Callapso's deal is worth $8.975MM, according to Mike DiGiovanna of the L.A. Times (on Twitter). There haven't been any hang-ups in the deal, despite the fact that it has yet to be completed. Callaspo simply hasn't been cleared to travel from Venezuela in order to complete his physical yet.
January 17, 8:45pm: The two sides will formally exchange figures tomorrow, Gonzalez tweets. The veteran still has to travel from Venezuela to take his physical.
8:41pm: Callaspo's deal is essentially done, pending a physical, an industry source tells Gonzalez (via Twitter). The third baseman's two-year deal pay him nearly $9MM.
8:34pm: Alberto Callaspo has a two-year proposal on the table from the Angels, an industry source told MLB.com's Alden Gonzalez. Callaspo is in his final year of arbitration and is set to hit the open market after the 2013 season.
Signing the third baseman to a multi-year deal will give them a stopgap until top prospect Kaleb Cowart is ready to take over. The 29-year-old is represented by Eric Goldschmidt.