10:04 PM: The deal includes some deferred money, reports Fabian Ardaya of Athletic (X-link). The deal does not include any opt-out clauses, Jon Morosi of the MLB Network tweeted.

10:01 PM: Blake Snell and the Dodgers have agreed to a five-year contract, reports Mark Feinsand of MLB.com (X-link). ESPN’s Jeff Passan reports (on X) that the deal, which is pending a physical, guarantees Snell $182 million. The southpaw first revealed he was heading to LA in an Instagram post on Tuesday evening.

The defending champions continue to push ahead with the biggest move of the offseason yet. It’s a much quicker turnaround on free agents than Snell’s trip to the market last winter. The star left-hander was coming off a Cy Young winning campaign in his first free agent journey. The long-term deal he sought did not materialize, leading to an extended stay as a free agent. Snell opted out of his contract in March before joining the Giants on a two-year contract that guaranteed him $62 million and, more importantly, allowed him to opt out after the first season.

There’s more to come.