John Perrotto & Jenifer Langosch have both reported that the Pirates have signed LHP Wil Ledezma in order to avoid arbitration. At the same time the team outrighted Jeff Clement, Sean Gallagher, Steven Jackson, Brandon Moss and Justin Thomas to Indianapolis. All are off the 40-man roster as a result, as is Chan Ho Park who is an unrestricted free agent.
I like the Ledezma signing, although I have yet to see the numbers. The deal is for one year and I would imagine that he will make something in the neighborhood of $800K-$1 million, which is similar to what the Bucs paid Javier Lopez last year.
UPDATE by Charlie: Moss, Jackson and Thomas can all now become minor-league free agents. Gallagher can as well, although the Pirates will try to keep him. Clement will stay with the organization but be eligible for the Rule 5 draft; it wouldn't be a shock to see some team take him, and he's reaching the point where if he isn't capable of sticking on a roster the whole year anyway, he probably won't ever be. The big name the Pirates risk losing is Moss, obviously, but his Class AAA season wasn't nearly as impressive as a casual glance at the stats made it look, and there were a bunch of players ahead of him. I think he could be a helpful bench outfielder for someone, but I'm not going to worry too much if in fact he does end up leaving.