The Braves will guarantee A.J. Burnett a fifth year, and the Yankees are now going to revise their offer.
There's a good chance that the bidding will exceed the total value of Carlos Zambrano's five-year, $91.5 million extension with the Cubs.
Las Vegas is hosting Major League Baseball's winter meetings from Dec. 8-11, and ESPN.com's stable of baseball reporters is at the Bellagio to report all the action. Check in throughout each day to stay abreast of the latest free-agent rumblings, trade talk, rumors, news and more.
Will the Cards land Brian Fuentes? Will the Red Sox acquire one of the Rangers' catchers? How was Ben Sheets' meeting with Texas? For those updates and more, become an Insider and check out Rumor Central .