7:56pm: Stark is now reporting that Pedro has changed his mind and will throw for the Phillies a second time on Friday at 1pm.
7:22pm: A source has told Jayson Stark that the Phillies have requested to see Pedro throw a second time "to see how his arm responds," but that Pedro has refused. The source told Stark that Pedro feels the Phillies "have enough information to make a decision from his simulated game Tuesday and shouldn't need him to throw again."
7:18pm: Here is Todd Zolecki's summary of the Pedro situation.
5:45pm: The AP has some quotes from Pedro and Amaro. Pedro says this is the best he has felt "for some time." Amaro reiterated that Pedro has not been signed and that Pedro is "not in town."
5:30pm: Jon Heyman spoke with Pedro's agent who says Pedro will make a decision by Sunday.
5:29pm: Nobody has addressed this yet, but if the $4MM figure is accurate, it would most certainly have to be prorated, which would mean the Phillies would only pay Pedro about $2MM for the remainder of the season.
5:12pm: Zolecki is now reporting that Pedro has informed the AP that his agent "is negotiating" with the Phillies.
4:57pm: Amaro told Zolecki the Phillies haven't signed Pedro, but wouldn't say whether they had reached an agreement or if Pedro had a physical scheduled.
4:49pm: Jon Heyman of SI.com reports that the Phils are in "pretty serious talks" with Pedro, but doesn't confirm the report below.
4:15pm: Phillies GM Ruben Amaro Jr. declined to comment on a report saying the Phillies signed Pedro Martinez, according to MLB.com's Todd Zolecki. The report from CandelaDeportiva.com says Pedro signed for $4MM after showing off a fastball between 88 and 91 mph and good secondary pitches.