SATURDAY, 8:50am: Paul Hoynes of The Cleveland Plain Dealer says the one-year deal would include a low base salary and incentives that could push the total value to $9MM, the same amount as the option the Indians declined after the season. Hoynes also mentions that the two sides discussed a deal like this before the option decision was made.
FRIDAY, 8:52pm: "The Indians came at us with an aggressive offer,'' Sizemore's agent Joe Urbon tells ESPN.com's Jerry Crasnick. "Grady has always maintained that he would be interested in returning to Cleveland. We've exchanged proposals, but there's nothing more I can say at this point.'' Crasnick's ESPN colleague Buster Olney hears from a source that the deal "will be done" between the two sides (Twitter link).
8:11pm: Urbon confirmed to Rosenthal (Twitter link) that the negotiations with the Indians are taking place. "Our efforts right now are to see if we can make that happen," Urbon said.
6:34pm: The Indians and Grady Sizemore are having "serious discussions" about a one-year contract, reports Ken Rosenthal of FOX Sports (Twitter link). One of Rosenthal's sources says a deal is "very likely," while another source is only slightly less optimistic, pegging the chances of an agreement at "70-30."
Several teams have shown interest in Sizemore this winter but a source tells Rosenthal that Sizemore is "pulling back" from talks with other clubs in order to pursue this new deal with Cleveland. Things could be finalized between the two sides by this weekend.
As Rosenthal noted in a follow-up tweet, the Tribe's medical personnel knows Sizemore best and with just a one-year contract, he could pursue a bigger deal next offseason. There isn't much risk involved for the Indians -- a healthy and in-form Sizemore helps the team contend in the AL Central or, if Cleveland falls out of the pennant race, Sizemore would be a sought-after commodity at the trade deadline even as a rental player.