5:58: Renck reports that the Rockies made a two-year offer worth $4.5-6MM. The two sides continue to talk and they could reach a deal tonight. Miguel Olivo is currently a fallback option for the Rockies.
3:36pm: Troy E. Renck of the Denver Post has multiple teams competing for free agent catcher Yorvit Torrealba, with the Rockies a "slight favorite." Torrealba hopes to re-sign with Colorado, but the Mets, Giants, Blue Jays, and Royals are other suitors. Torrealba met with the Mets today, and his grievance from 2007 is apparently no longer an issue.
With Brian Schneider and Ivan Rodriguez surprisingly getting two-year deals, Torrealba has a case for the same.