7:36pm: A source tells Joel Sherman of the New York Post that the Mets offered Bay more than $60MM, but less than $65MM.
5:57pm: The Mets confirmed that they made Bay and Bengie Molina offers, according to Anthony DiComo of MLB.com.
3:27pm: SI's Jon Heyman tweets that the Mets offered Bay four years and about $65MM. He feels "they'd probably have to bump it to five years to get him." Joel Sherman of the New York Post believes the offer was in the four-year, $60MM range. Adam Rubin of the New York Daily News agrees with Heyman's figure.
12:57pm: Newsday's David Lennon tweets that the Mets' first two free agent offers are going out to Bay and Bengie Molina.
5:18am: Going into the fourth day of the Winter Meetings, the Angels, Mariners, Red Sox, and maybe even the Mets are suitors for free agent outfielder Jason Bay, writes Michael Silverman of The Boston Herald. One source indicated that Boston was in a "holding pattern" until the Bay situation was resolved, however they could turn to Matt Holliday, according to MLB.com's Ian Browne.
WEEI.com's Alex Speier writes that if anyone offers Bay a five year contract, that would likely seal the deal. However, ESPN's Buster Olney hears that there are "concerns within the Boston organization about whether Jason Bay would hold up physically through a multi-year deal." For what it's worth, Bay has only been on the DL twice in his career, the last time coming way back in 2004.
Meanwhile, Kevin Baxter of The LA Times says that Angels' manager Mike Scioscia would prefer to re-sign John Lackey instead of importing Bay, noting that they have to be as balanced as possible.