FRIDAY: The Orioles officially announced the deal (on Twitter).
Wolf, a Wasserman Media Group client, led the National League in hits and earned runs this year, the final season of his three-year, $29.75MM contract with Milwaukee. The 36-year-old started 24 games for the Brewers in 2012, posting a 5.69 ERA with 6.1 K/9, 2.8 BB/9 and a 43.4% ground ball rate in 142 1/3 innings. The Brewers will be responsible for most of Wolf's $9.5MM salary, with the Orioles covering the pro-rated portion of the MLB minimum.
MLB.com's Brittany Ghiroli first reported that the sides were nearing a deal (on Twitter).