The agreement came days after the Los Angeles Dodgers added pitchers Zack Greinke and Ryu Hyun-jin, boosting their payroll over $200 million. Greinke, another offseason target, said he chose the Dodgers over the Rangers.
Elsewhere, the Yankees and Suzuki were likely to settle on a two-year deal, according to a person familiar with the negotiations who spoke on condition of anonymity because talks were ongoing.
Acquired from Seattle on July 23, the 39-year-old Suzuki revived his career in New York. A 10-time All-Star, he hit .322 with five homers, 27 RBIs and 14 steals in 67 games for the Yankees to help them win the AL East.
New York also planned to finalize a $12 million, one-year contract Friday with Kevin Youkilis.
The Red Sox landed a reliable starter in Dempster, two people familiar with the negotiations said. They spoke on the condition of anonymity because the agreement was pending a physical.
The right-hander was a combined 12-8 with a 3.38 ERA for the Cubs and Rangers this year. He has thrown more than 200 innings in four of the past five seasons.
Boston held a news conference to introduce Victorino, the speedy outfielder who agreed to a $39 million, three-year contract at the winter meetings last week. But general manager Ben Cherington said he had nothing to announce on Mike Napoli, the catcher-first baseman who also agreed to a $39 million, three-year deal during the winter meetings, pending a physical. That contract has yet to be announced.
"Our hope is that we'll be able to resolve the issues," Cherington said. "We're working on it."
Minnesota filled another hole on a staff that was full of them last season, completing a $10 million, two-year contract with Correia. The 32-year-old righty, an All-Star in 2011, went 12-11 with a 4.21 ERA for Pittsburgh last season but lost his spot in the rotation when the Pirates traded for Wandy Rodriguez.
"He knows what he's doing on the mound. He's a guy we've seen quite a bit," Twins GM Terry Ryan said. "When you start cracking his numbers, they're very respectable."
Cincinnati completed a $4 million, two-year contract with free agent Jack Hannahan, giving the NL Central champions added depth at third base.
Torres returned to the Giants, who gave him his first chance as a regular two years ago. The outfielder signed a $2 million, one-year contract with the reigning World Series champions after helping them to the 2010 title. He was traded to the Mets before last season.
"Great to have him back!" manager Bruce Bochy wrote in a text message. "He gives us that much more versatility and character in the clubhouse. Everybody loves Andres as a teammate."
San Francisco also reached a minor league deal with right-hander Chad Gaudin, and Baltimore finalized a $2 million, one-year contract with McLouth.
AP Sports Writers Ronald Blum, Dave Campbell, Jimmy Golen and Beth Harris and AP Baseball Writer Janie McCauley contributed to this report.