Outman, 29, was 3-0 with a 4.33 ERA in 61 relief appearances for the Rockies last season, limiting left-handed batters to a .198 batting average.
Stubbs, 29, spent last season with the Indians following four years with the Cincinnati Reds. He hit .233 with 10 home runs and 45 RBIs in 146 games in 2013. He is considered a good base-stealer and defensive outfielder likely to serve as a primary reserve with Carlos Gonzalez expected to start in center field next season.
The Atlanta Braves picked up catcher/outfielder Ryan Doumit in a trade with the Minnesota Twins for left-handed pitching prospect Sean Gilmartin.
Doumit, 32, bolsters the Braves' catching depth after Brian McCann left via free agency for the New York Yankees. The versatile Doumit also plays first base and the outfield.
The 23-year-old Gilmartin, who was the 28th overall pick in the 2011 draft, struggled with shoulder problems during the 2013 season in the minor leagues. In three years in the minors, he has a 12-20 record with a 4.23 ERA.
The San Diego Padres are nearing an agreement with right-handed reliever Joaquin Benoit on a two-year contract worth approximately $15 million, according to a report.
The 36-year-old Benoit posted 24 saves last season for the Detroit Tigers but likely would be the setup man for closer Huston Street with the Padres, CBSSports.com reported Wednesday.
Veteran Raul Ibanez reached agreement on a one-year, $2.75 million contract with the Los Angeles Angels, according to reports.
The 41-year-old hit 29 home runs and had a .242 batting average with 65 RBIs in 124 games last season for the Seattle Mariners. He is expected to fill a left-handed designated hitter role with the Angels, but can also play first base and the outfield.
Free-agent outfielder Shin-Soo Choo turned down a seven-year, $140 million offer from the New York Yankees after the signing of Jacoby Ellsbury, Yahoo! Sports reported.
When Choo's agent, Scott Boras, asked for a deal in the price range of Ellsbury's contract, the Yankees declined and moved on to get free-agent outfielder Carlos Beltran instead, according to Yahoo.
The Yankees' offer to Choo apparently was made between Dec. 3-6 after second baseman Robinson Cano left for the Seattle Mariners and Ellsbury's signing.