Maximo Baez, the police department's criminal investigations director, said one of the arrested men personally knew Perez and confessed that he and four others had planned to steal the $2,400 monthly pension he received for his 11-season career in the Major Leagues.
The 55-year-old's ex-wife found his body on Thursday at the home where he lived alone in San Gregorio de Nigua, a town west of the capital of Santo Domingo. Police said he had severe head wounds caused by being hit repeatedly with a hammer.
Authorities said they expected to file charges against the suspects later Saturday.
Police identified another one of those arrested as a low-level drug dealer. A third suspect was arrested Saturday after police said he sold one of Perez's cell phones for $6.25.
Police said they have also identified the two fugitives.
During his time in professional baseball, Perez had a rocky career including two suspensions for drug use.
The right-hander was first signed by the Pittsburgh Pirates in January 1976 as an amateur free agent, according to Baseball-Reference.com, an online sports information site. He then pitched for the Atlanta Braves from 1982-85. He was 15-8 in 1983 and 14-8 in 1984.
Perez last played in the majors for the New York Yankees in 1991, compiling a lifetime record of 67-68 with the Braves, Pirates, Expos and Yankees.
In March 1992, he was suspended after failing a drug test the day he arrived for spring training with the Yankees. He was entering the final season of a three-year, $5.7 million contract, but never returned to major league baseball.
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