10:48pm: The Red Sox might also be looking into extending an offer to free agent Matt Holliday, reports Mike Silverman of the Boston Herald. However, Silverman notes that signing Bay, let alone the more expensive Holliday, would be difficult.
7:31pm: The Mets have not heard from Bay's agent, Joe Urbon, in the last couple of days, a team official tells Adam Rubin of the New York Daily News. The same official says not to expect the club to ink Bay or Bengie Molina before Christmas.
In other Mets news, Carlos Delgado's delay in returning to baseball via the Puerto Rican winter league is apparently a result of issues related to the hip surgery he had last summer.
6:48pm: Boston has had internal discussions about extending their organizational budget to potentially allow for another offer to be made to Jason Bay, a team source tells Rob Bradford of WEEI. The discussed proposal would be in the vicinity of the four-year, $60MM deal originally pitched to the slugger.
It was widely thought that the signings of John Lackey and outfielder Mike Cameron spelled the end of Bay's tenure with the Red Sox as the club is now teetering on the edge of the $170MM luxury tax threshold.