This past week, John Smoltz officially signed with the Red Sox and the Braves inked Derek Lowe to a four-year, $60 million deal, something Atlanta’s rival New York Mets could not match. Imagine that. But what runs deeper here is that the second and even third tier of pitchers continue to be signed and many position players remain team-less.

Less than a month before pitchers and catchers report, here are some of the big names still available: Manny freaking Ramirez, Adam Dunn, Bobby Abreu, Ken Griffey, Orlando Hudson, Frank Thomas, and to a lesser extent, Kevin Millar (20 homers last season) and Orlando Cabrera. To put this in perspective, the Astros signed pitcher Russ Ortiz to a minor league deal a few days ago, the Dodgers signed reliever Guillermo Mota, the Angels inked Darren Oliver for one year, and the White Sox brought back a Bartolo Colon who is on the downside of his career. Clearly, it’s a pitchers’ market this off-season, and it’s almost mind-boggling that Ramirez has gone almost three full months without being signed.

Part of the problem here is that the big spenders (ahem, New York teams) have blown their collective load on the likes of CC Sabathia, AJ Burnett, Mark Teixeira, Francisco Rodriguez, etc., leaving a team like the Dodgers the likely scenario for Man-Ram in 2009, which at the end of the day is probably best for both sides anyway. But some of those other guys are going to have trouble finding work, or they are going to take a recession-friendly deal from a team they wouldn’t have signed with otherwise. It’s already happened with Pat Burrell in Tampa and Jason Giambi with Oakland.

In other more recent news, the Red Sox avoided arbitration with Kevin Youkilis on Thursday, agreeing to terms on a four-year deal. And the Dodgers finally released beleaguered outfielder Andruw Jones, who the Braves are considering bringing back for the league minimum salary. The Braves are also mulling over whether to bring back injury-plagued LHP Tom Glavine for one more season.