After a 20-year career in Atlanta that likely will land him in the Hall of Fame, righthander John Smoltz apparently will sign a one-year deal with the Boston Red Sox.

Smoltz, who broke into the majors in 1988, has pitched his entire major-league career with the Braves, but ESPN.com reported he was on the verge of signing last night with Boston.

According to the Web site, Smoltz's deal with the Sox is for $5.5 million in base salary, and $5 million in incentives.

Smoltz, 41, has 210 career victories and 154 saves. He is the only pitcher ever to compile at least 200 wins and 150 saves.

He has been rehabilitating his shoulder since undergoing surgery last season, and ESPN reported that he has made excellent progress.

If Smoltz signs, Boston will go to spring training with six veteran starters: Josh Beckett, Daisuke Matsuzaka, Jon Lester, Tim Wakefield, Brad Penny and Smoltz.

Penny agreed to a one-year, $5 million deal, and will be in Boston today for a physical examination.

Athletics. Jason Giambi finalized a $5.25 million, one-year contract with an option yesterday, bringing the designated hitter and first baseman back to Oakland, where he began his big-league career.

Giambi, who won an MVP award for Oakland in 2000, is expected to be used mostly as a designated hitter.

After leaving the A's following the 2001 season, Giambi signed a $120 million, seven-year contract with the New York Yankees. New York declined its $22 million option on him after last season, choosing instead to pay him a $5 million buyout.

With Oakland, Giambi gets a $4 million salary this season. The A's hold a $6.5 million option for 2010 with a $1.25 million buyout.

Dodgers. ESPN the Magazine reported that Los Angeles has offered a one-year deal to Trevor Hoffman, 41, who earned all but two of his 554 career saves in 16 seasons with the San Diego Padres.

Hoffman had a bitter separation with San Diego in November, when the team withdrew a $4 million contract offer. The Dodgers' offer exceeds $4 million, according to the Los Angeles Times, which also reported L.A.'s interest in Hoffman. The righthander earned $7.5 million in 2007.

The Hoffman offer was triggered when the Dodgers broke off negotiations with slugger Manny Ramirez, who is seeking a four- or five-year contract at $25 million a year, ESPN.com said.

Yankees. Lefthanded starter Andy Pettitte has rejected New York's one-year, $10 million offer, the New York Times reported.