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Jason Schmidt to sign with the Dodgers, 3 yrs/$47M


The Dodgers, who lost three players to free agency on Tuesday, are close to reloading in a big way Wednesday.

Free-agent pitcher Jason Schmidt and the Los Angeles Dodgers are closing in on a three-year contract worth $47 million, a source told

While Dodgers officials weren't available to confirm the report, the team has been in the market for a starting pitcher, especially after losing Greg Maddux to the Padres on Tuesday.

Dodgers general manager Ned Colletti previously worked as a front-office executive while Schmidt was pitching for the Giants.

Schmidt's $10 million option for 2006 was exercised by the Giants, but knew they might lose him as a free agent this offseason. The 33-year-old right-hander seemed ready for a change of scenery from San Francisco, which has endured two straight losing seasons and three in a row out of the playoffs.