Beltran Has Three-Year, $48MM Offer

4:46pm: A three-year deal for Beltran isn't a dealbreaker for the Yankees, but it's a long-shot, tweets Mark Feinsand of the New York Daily News.

4:16pm: Olney tweets that rival teams are becoming convinced that Beltran is going to return to the Royals on a three-year, $48MM contract.

1:00pm: The Royals are making a strong push for Beltran, who is currently in Kansas City meeting with the team, according to George A. King III and Kevin Kernan of the New York Post. The Royals are believed to be willing to go to three years to pry Beltran away from the Yankees, though it's not clear from King and Kernan's report if Kansas City is the team that has extended the $48MM offer referenced by Olney.

12:56pm: Carlos Beltran has a three-year, $48MM offer currently in hand, according to ESPN's Buster Olney (on Twitter). While Olney isn't sure which team has extended the lavish offer, he notes that the Mariners are being very aggressive on the Beltran front.

Beltran is coming off a strong season with the Cardinals in which he batted .296/.339/.491 with 24 home runs. The switch-hitter also saw his plate discipline and defensive metrics take a turn for the worse, however, and $16MM per year for Beltran's age 37-39 seasons would be a significantly higher price than most pundits believed he would fetch on the open market.

The Yankees have been said to be the favorites for Beltran, but the they're reportedly not keen on the idea of offering more than a two-year contract.