10:26pm: White Sox chairman Jerry Reinsdorf still wants the deal to happen and will work to resolve things by tomorrow afternoon, according to Joe Cowley of the Chicago Sun-Times.
10:00pm: White Sox GM Kenny Williams told Dave van Dyck of the Chicago Tribune that he’s prepared to move on without Konerko and address other needs. "There's no deadline, but we're going to make the first best deal we can," Williams said. The White Sox had plans to discuss alternatives this evening.
5:25pm: There's still "pretty decent optimism" for a deal, according to Jon Heyman of SI.com (on Twitter). Konerko's agent is pushing for more than the White Sox want to commit.
4:14pm: There have been "big changes" in the talks, according to Joe Cowley of the Chicago Sun-Times (Twitter links). The Konerko ship may be sailing, Cowley writes. Even though talks have hit a snag, it does seem that there's a fit here.
12:50pm: The White Sox are not the only team to make a multiyear offer to Konerko, tweets Jon Paul Morosi of FOX Sports. No deal is expected today.
10:59am: There could be a snag in the Konerko talks, tweets Joe Cowley of the Chicago Sun-Times, with the player's agent insisting on $15MM per year.
7:11am: We've heard Paul Konerko's name connected to a few teams over the past several days, including the White Sox, Orioles, Rangers, and Diamondbacks. According to this tweet from SI's Jon Heyman, however, the White Sox are "in the driver's seat" for Konerko.
The Rangers will instead be focusing their efforts on signing Cliff Lee, and Heyman quotes a friend of Konerko who says "no way" on the possibility of him going to the Orioles. The Diamondbacks don't have enough money to win the bidding, tweets Jon Paul Morosi of FOX Sports.
Yesterday, we heard that talks between the White Sox and Konerko were going well, and that he could be in line for a $12.5MM annual salary, possibly over three years. The 34-year-old Konerko enjoyed perhaps the best season of his career, hitting .312/.393/.584 with 39 home runs. He finished fifth in the American League MVP voting.