From Jon Heyman, via Bleacher Nation:

davis gets $161M for 7 years #orioles

— Jon Heyman (@JonHeyman) January 16, 2016

ian kennedy, royals in agreement on $70M, 5-yr deal

— Jon Heyman (@JonHeyman) January 16, 2016

So Chris Davis gets seven years from Baltimore, and Ian Kennedy (IPK) gets five years from the Royals. I thought the Orioles original offer was good, and it appears that it was Baltimore that blinked, adding $1 million per year to the offer.

Kennedy is a more interesting signing. He’s already in his decline phase, as he’ll play 2016 as a 31-year-old. The money is reasonable, but Kennedy has shown a lot of variability in his career. He’ll give the Royals innings, and they may be great innings or so-so innings. Basically, the Royals locked up an aging third starter for five years, not the best way to spend money.