The person spoke on condition of anonymity Monday night because the deal had not been completed and the club had not made an announcement.
Several media outlets reported earlier that the sides had reached an agreement, which is reportedly for about $50 million over four years.
Jimenez went 13-9 with a 3.30 ERA in 32 starts for the Indians last season. He turned down a $14.1 million qualifying offer from the Indians, so Baltimore would have to forfeit its first-round draft pick (17th overall) to sign him.
Orioles executive vice president Dan Duquette has been searching for a veteran starter for much of the offseason to help anchor the rotation. Jimenez is 82-75 with a 3.92 ERA over eight major league seasons.
The 30-year-old right-hander broke into the majors with Colorado in 2006. His best season was 2010, when he went 19-8 with a 2.88 ERA in 33 starts for the Rockies.
YOON DEAL — South Korean right-hander Suk-min Yoon and the Orioles finalized to a three-year contract for $5,575,000, which could escalate to $13,075,000 if the pitcher starts 26 or more games each season.
The 27-year-old was 73-59 with a 3.19 ERA in nine seasons with the KIA Tigers in the Korean Baseball Organization.
Yoon is expected to compete for a spot in Baltimore’s starting rotation.
Yoon gets a $675,000 signing bonus under the agreement, payable within 30 days of the deal’s approval by Major League Baseball. He receives salaries of $750,000 this year, $1.75 million in 2015 and $2.4 million in 2016.
He can earn $1.25 million annually in performance bonuses.
FAMILIAR FACE — The Colorado Rockies’ new closer is an old familiar face. On the first day of spring training in Scottsdale, Ariz., 41-year-old LaTroy Hawkins was given the job by manager Walt Weiss.
Hawkins was a member of the Rockies in 2007 when they lost to Boston in the World Series. He saved 13 games last season for the New York Mets.