IN THE NEWS: Free-agent P Floyd Bannister, who led the AL with 209 strikeouts at Seattle last season, signs a 5-year contract with the White Sox for a reported $4.5 million. As compensation, the M's will pick minor leaguer Danny Tartabull from the player pool on January 20.
The Cardinals swap blue ribbon prospects Bobby Meacham and Stan Javier to the Yankees for three minor leaguers. Some observers think this is a lagniappe to New York for sending Willie McGee to the Cardinals last year in exchange for P Bob Sykes.
IN THE NEWS: Tom Seaver agrees to a new contract with the Mets, completing a trade that sends him back to New York from Cincinnati. The Reds receive pitcher Charlie Puleo and minor leaguers Lloyd McClendon and Jason Felice for the 3-time Cy Young Award winner, who was 5-13 with a 5.50 ERA in 1982. Seaver will surprise the Reds by winning 47 more games before hanging it up in 1986.