JANUARY 29th: The deal guarantees Hairston $5MM over two years and includes an additional $1MM in incentives, Jon Heyman of CBSSports.com reports (on Twitter).

JANUARY 23rd: The Cubs have reached an agreement with outfielder Scott Hairston for a two-year deal pending a physical, reports FOXSports.com's Ken Rosenthal (via Twitter). The Excel Sports Management client could receive up to $6MM over the course of the two years including incentives, according to Bruce Levine of ESPNChicago.com (via Twitter).

Hairston, 32, enjoyed a career year in 2012 with the Mets as he posted a .263/.299/.504 batting line while playing each of the outfield positions. The veteran's ability to hit left-handed pitching made Hairston a top commodity this offseason given his .867 OPS against southpaws this season.

Adding Hairston to the Cubs' outfield mix should lessen some of the offensive burden for left-handed hitters like David DeJesus and Nate Schierholtz, both of whom struggle against left-handed pitchers. Schierholtz and Hairston project to serve as what could be an effective platoon in right field given Schierholtz's success against right-handed pitchers (.811 OPS over the past two seasons).