Major League Baseball Commissioner Bud Selig says he will be stepping down in three years when his contract ends.

The Phillies backed away from a multiyear agreement with free agent reliever Joe Borowski because of concerns over Borowski's shoulder after the pitcher took a physical, several baseball sources told ESPN.com.

After agreeing to a deal on Monday, righty Adam Eaton on Thursday finalized a three-year, $24.5 million contract to become part of the Phillies' 2007 rotation. Eaton, who replaces Randy Wolf, was drafted by Philadelphia in 1996 but was traded in 1999.

David Dellucci's scheduled physical with the Indians was postponed until next week because the outfielder has the flu.

After going through 2006 without a lefty specialist, the Red Sox hope they filled that void with Thursday's signing of Japanese reliever Hideki Okajima to a two-year deal. Okajima, 30, has been regarded as one of the best lefty setup men in Japan the last few years.

The Rockies formally announced today that left-handed pitcher Jeff Francis has agreed to a four-year contract through 2010 with a club option for 2011.

Relief pitchers Chad Bradford and Scott Williamson passed their physical examinations conducted by the Orioles on Thursday and have finalized contracts with the club. Bradford is thought to have signed a three-year deal worth close to $10 million. Williamson, who worked 42 games with a 5.76 ERA last season, reportedly has a one-year deal worth $900,000.

Tomorrow (Dec. 1) is the deadline for teams to offer arbitration to eligible players. Players now have until December 7th to accept or decline.

The Winter Meetings in Orlando kick off on Monday.