7:30pm: ESPN's Jorge Arangure says (via Twitter) that if the Yankees don't sign Chapman, he'd be willing to bet that it has more to do with makeup than money.
5:49pm: Ken Rosenthal of FoxSports.com tweets that the Reds are in on Chapman, however the Jays remain the favorite. In a second tweet, Rosenthal mentions that Toronto has money to spend after sending Scott Rolen, Alex Rios, and Roy Halladay packing.
4:00pm: Jon Heyman of SI.com tweets that the Blue Jays have a "decent shot" at signing Chapman, now that they appear to have bid over $20MM. He names the Nationals, Marlins, Red Sox, A's and Angels as potential players for the prospect.
12:11pm: As the Aroldis Chapman sweepstakes continue, at least one outlet is reporting that the Blue Jays have made the left-hander a considerable offer. Jorge Ebro of El Nuevo Herald reports that the Jays offered Chapman a $23MM deal (click here for the Miami-based paper's original Spanish story and here for some Drunk Jays Fans analysis).
Ebro reports that the Marlins raised their offer to $16MM, but have now conceded defeat. Clark Spencer of the Miami Herald reported yesterday that the Marlins did not expect to sign Chapman. That leaves the Angels, Red Sox and Blue Jays in pursuit of the Cuban prospect.