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Update: Tim Brown of Yahoo! Sports says that the deal is for three years. Still no word on annual value, but my best guess would be around $4 million per season.

Dave O'Brien is reporting that Japanese starter Kenshin Kawakami has agreed to a contract with the Braves pending a physical:

"Just filed story for paper and online, should be up soon. Deal is done, pending physical. Kawakami is flying him for physical Monday, press conference likely not until Tuesday or Wednesday morning."

Terms of the deal aren't known yet, but more information about the signing should be coming out soon.