This dropped this morning, from ESPN.com's Jerry Crasnick:
Outfielder Vernon Wells is involved in serious negotiations toward a seven-year, $126 million contract with the Toronto Blue Jays, and the two sides hope to have a deal in place by the end of the weekend, according to a source with knowledge of the situation.
The source said the chances of Wells remaining a Blue Jay are "better than 50-50," but that "it's not a done deal." Given the size of the contract, the major remaining hurdle is for Toronto owner Ted Rogers to give his approval.
Interesting news here, and matters are progressing a lot quicker than anticipated. That's one big stamp of approval required, with a lot of zeroes attached, and it will make for a bit of a cliffhanger weekend.
UPDATE, 12:55 pm: Blue Jays, Wells, near deal on extension:
Wells said Friday that the agreement is not yet complete but that he anticipates the contract will be finalized soon. The deal will start with the 2008 season.
"How can you not be happy?" he said Friday in a telephone interview with The Associated Press. "Like I said, my family comes first. Obviously this gives me an opportunity to set my family up for a couple of generations. That's the biggest part of this thing. And this gives me a chance to do something special in Toronto that hasn't been done in awhile."