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| Friday, March 27th, 1998 |
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| Las Vegas Angels: Released 2B Mark McLemore. |
| The Boston Red Sox traded 23-year-old catcher Angel Pena and 25-year-old minor league reliever Jay Witasick to the Kansas City Royals, getting 22-year-old minor league designated hitter Javier Valentin in return. |
| The Florida Marlins traded 34-year-old minor league center fielder Lance Blankenship to the St. Louis Cardinals, getting 33-year-old minor league starting pitcher Jack Armstrong and 24-year-old right fielder Damian Jackson in return. |
| Chicago Cubs: Placed RP Mike Stanton on the active roster. |
| Chicago Cubs: Activated RP Mike Stanton from the injured list. |
| Chicago Cubs: Placed RF Trot Nixon on the active roster. |
| Chicago Cubs: Activated RF Trot Nixon from the injured list. |
| Kansas City Royals: Placed RF Richard Hidalgo on the active roster. |
| Kansas City Royals: Activated RF Richard Hidalgo from the injured list. |
| Orlando Devil Rays: Placed SS Jose Oquendo on the active roster. |
| Orlando Devil Rays: Activated SS Jose Oquendo from the injured list. |
| Boston Red Sox: Placed 3B Edgar Renteria on the active roster. |
| Boston Red Sox: Activated 3B Edgar Renteria from the injured list. |
| Boston Red Sox: Placed RP Joe Borowski on the active roster. |
| Boston Red Sox: Activated RP Joe Borowski from the injured list. |
| Friday, January 2nd, 1998 |
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| The Cleveland Spiders traded 30-year-old center fielder Marquis Grissom and 22-year-old minor league first baseman Randall Simon to the Baltimore Orioles, getting 31-year-old second baseman Bill Spiers and 28-year-old minor league left fielder Jon Zuber in return. |
| The Toronto Blue Jays traded 34-year-old center fielder Cecil Espy to the Cleveland Spiders, getting 27-year-old minor league reliever Ron Villone in return. |
| New York Mets: Released 1B Cecil Fielder. |
| The Toronto Blue Jays traded 26-year-old minor league center fielder Terry Jones to the Boston Red Sox, getting 28-year-old reliever Mike Fyhrie in return. |
| The Charlotte Knights traded 29-year-old minor league right fielder Ivan Cruz to the San Diego Padres, getting 21-year-old starting pitcher Jeremy Powell in return. |
| The Detroit Tigers traded nothing to the Charlotte Knights, getting 26-year-old minor league starting pitcher Esteban Loaiza in return. |
| Charlotte Knights: Released RP Oscar Henriquez. |
| The Baltimore Orioles traded 35-year-old third baseman Kelly Gruber to the St. Louis Cardinals, getting nothing in return. |
| Thursday, January 1st, 1998 |
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| The Charlotte Knights traded 33-year-old starting pitcher Jose J. Bautista to the Milwaukee Creams, getting 39-year-old starting pitcher Teddy Higuera in return. |
| Detroit Tigers: Released 2B Alex Arias. |
| Cincinnati Reds: Released 1B Fred McGriff. |
