Masahiro Tanaka Links: Monday

The Masahiro Tanaka clock is ticking, and the right-hander has until Friday to agree to a deal with his first Major League team. Recent reports have indicated that the Cubs are emerging as one of the favorites, but their status as a losing team could stand in the way of landing Tanaka. Yesterday it was reported that Tanaka could agree on Tuesday or Wednesday this week in order to give his new club time to perform the necessary physical and paperwork to make things official. We'll keep track of today's Tanaka-centric links here…

• Whichever club is chosen by Tanaka should know by at least the end of the day Wednesday, tweets David Kaplan of CSN Chicago and WGN Radio. That way, explains Kaplan, the club has time for "additional medicals."
• The Blue Jays "are not among the teams in consideration" for Tanaka, says Richard Griffin of the Toronto Star. But Toronto is definitely involved in adding a free agent starter from what Griffin calls the "next tier" of starting arms, and is willing to sacrifice a second-round pick to do so. (The Jays' two first-round choices are protected.)

Earlier Updates

• Industry source believe that the Cubs will outbid the field in terms of years and dollars in order to land Tanaka, tweets Bruce Levine of 670thescore.com. Levine adds that at this point, no team knows how much its competitors have bid.
• Jon Paul Morosi of FOX Sports writes that the Cubs may need Tanaka more than the Yankees or Dodgers, but he doesn't feel that Tanaka is interested in coming to America to pitch for a losing club. He feels Chicago would have to overpay in order to land Tanaka, which he says is not the Ricketts family's style. The Dodgers present the best set of circumstances in terms of available money, proximity to Japan, weather, a competitive team and a pitcher-friendly environment, Morosi writes.
• Over the weekend, a rival executive told MLB Daily Dish's Chris Cotillo that he believes the Astros met with Tanaka, though he is unsure whether or not they made a formal offer (Twitter link).