The Baltimore Orioles get a mild bargain in Ubaldo Jimenez -- four years for close to $50 million -- by waiting out the market, although the loss of the 17th overall pick in the 2014 draft stings, and Ubaldo himself is still a volatile asset. That said, I think it's a positive move for them even with the associated risk.
Jimenez spent two-and-a-half years with Cleveland, and the first two years were awful, with a 5.10 ERA in 340 2/3 innings. Early in 2013, however, Cleveland pitching coach Mickey Callaway worked on speeding up Ubaldo's delivery and keeping him more online toward the plate when he strides. There were flashes of the new Ubaldo in the first half of 2013, and in the second half, he was dominant, punching out 100 against 27 walks in 84 innings.