| Free Agents | ||||||||
| PLAYER | POSITION | AGE | STATUS | 2011 TEAM | NEW TEAM | YEARS | RANK | DOLLARS |
| Erik Bedard | SP | 33 | Signed | Boston | Pittsburgh | 1 | 23 | $4,500,000 |
| Andrew Brackman | SP | 26 | Signed | New York | Cincinnati | NR | Minor Lg | |
| Mark Buehrle | SP | 33 | Signed (A) | Chicago | Miami | 4 | 6 | $58,000,000 |
| Chris Capuano | SP | 33 | Signed | New York | LA Dodgers | 2 | NR | $10,000,000 |
| Bruce Chen | SP | 34 | Signed (B) | Kansas City | Kansas City | 2 | 34 | $9,000,000 |
| Wei-Yin Chen | SP | 26 | Signed | Japan | Baltimore | 3 | NR | $11,338,000 |
| Bartolo Colon | SP | 39 | Agreed | New York | Oakland | 1 | 33 | $900,000 |
| Aaron Cook | SP | 33 | Signed | Colorado | Boston | NR | Minor Lg | |
| Yu Darvish | SP | 25 | Signed | Japan | Texas | 6 | 3 | $60,000,000 |
| Zach Duke | SP | 29 | Signed | Arizona | Houston | NR | Minor Lg | |
| PLAYER | POSITION | AGE | STATUS | 2011 TEAM | NEW TEAM | YEARS | RANK | DOLLARS |
| Jeff Francis | SP | 31 | Signed | Kansas City | Cincinnati | 1 | 35 | Minor Lg |
| Freddy Garcia | SP | 35 | Signed | New York | NY Yankees | 1 | 36 | $4,000,000 |
| Jon Garland | SP | 32 | Signed | Los Angeles | Cleveland | NR | Minor Lg | |
| Aaron Harang | SP | 34 | Signed | San Diego | LA Dodgers | 2 | NR | $12,000,000 |
| Edwin Jackson | SP | 28 | Agreed | St. Louis | Washington | 1 | 11 | -- |
| Hiroki Kuroda | SP | 37 | Signed (B) | Los Angeles | NY Yankees | 1 | 13 | $10,000,000 |
| Paul Maholm | SP | 29 | Signed | Pittsburgh | Chicago Cubs | 1 | 24 | $4,750,000 |
| Jason Marquis | SP | 33 | Signed | Arizona | Minnesota | 1 | NR | $3,000,000 |
| Kevin Millwood | SP | 37 | Signed | Colorado | Seattle | NR | Minor Lg | |
| Ramon Ortiz | SP | 39 | Signed | Chicago | San Francisco | NR | Minor Lg | |
| PLAYER | POSITION | AGE | STATUS | 2011 TEAM | NEW TEAM | YEARS | RANK | DOLLARS |
| Brad Penny | SP | 34 | Signed | Detroit | Japan | NR | -- | |
| Joel Pineiro | SP | 33 | Signed | Los Angeles | Philadelphia | NR | Minor Lg | |
| Jo-Jo Reyes | SP | 27 | Signed | Baltimore | Pittsburgh | NR | Minor Lg | |
| Joe Saunders | SP | 30 | Signed | Arizona | Arizona | 1 | NR | $6,000,000 |
| Andy Sonnanstine | SP | 29 | Signed | Tampa Bay | Chicago Cubs | NR | Minor Lg | |
| Tsuyoshi Wada | SP | 31 | Signed | Japan | Baltimore | 2 | NR | $8,150,000 |
| Tim Wakefield | SP | 45 | Retired | Boston | -- | NR | -- | |
| Chien-Ming Wang | SP | 32 | Signed | Washington | Washington | 1 | 50 | $4,000,000 |
| Dontrelle Willis | SP | 30 | Signed | Cincinnati | Philadelphia | 1 | NR | $850,000 |
| C.J. Wilson | SP | 31 | Signed | Texas | LA Angels | 5 | 8 | $77,500,000 |
| Total: | $283,988,000 | |||||||