After Tuesday's flurry of deals, the Hot Stove returned to a light simmer on Wednesday, but there still was plenty of news.
One of the most significant topics was the posting system that governs how Japanese players get from Nippon Professional Baseball to the Major Leagues. The two sides have been working on a new agreement throughout the offseason, which has been holding up the bidding for one of the offseason's hottest commodities, pitcher Masahiro Tanaka.
However, a deal appears to be near, with Japanese media outlet Sanspo reporting that the NPB is expected to accept a proposal limiting posting fees to $20 million. Jeff Passan of Yahoo! Sports later added that if multiple teams submit the maximum bid, the player then could negotiate with all of those clubs.
Elsewhere on the international front, MLB.com's Jesse Sanchez writes about the next wave of Cuban players set to follow recent signings such as Jose Abreu and Alexander Guerrero to the Majors. One of those players, slick-fielding 23-year-old shortstop Erisbel Arruebarruena, will audition for teams at a showcase this weekend at the Yankees' facility in the Dominican Republic, according to Andy Martino of the New York Daily News. Martino writes that the Mets will be among those teams with scouts in attendance.
In other news from around the league:
• In the wake of the Yankees signing Jacoby Ellsbury and Brian McCann to contracts totaling $238 million, MLB.com's Bryan Hoch discusses whether free agent Robinson Cano is still a fit in the Bronx. If Cano doesn't return, the Yankees have an insurance policy in Kelly Johnson, with Jon Heyman of CBSSports.com and MLB Network reporting that the two sides have agreed on a one-year deal for about $3 million.
• One other team rumored to be pursuing Cano is the Mariners, but general manager Jack Zduriencik wouldn't confirm that interest.
• Seattle also is among the teams that could enter the fray to acquire Rays ace left-hander David Price. That market soon will intensify, according to Passan, who names the Mariners, Dodgers, Angels, Pirates, Rangers, D-backs and Blue Jays as likely contenders. While Tampa Bay doesn't need to trade Price, doing so now probably would earn it the best possible return, given that Price has two seasons left before free agency. Several baseball officials who talked to Passan named the Mariners as a frontrunner to land Price, perhaps by offering a package headlined by highly touted pitching prospect Taijuan Walker.
• Max Scherzer is another Cy Young Award winner who has been the subject of trade rumors this offseason, but Detroit could be ready to pursue a contract extension instead. Our Jason Beck also addresses whether the Tigers could make a run at free-agent outfielder Shin-Soo Choo.
• With Ellsbury leaving, our Ian Browne discusses what the Red Sox will do to fill his spot in center field next season.
• The Mets are "deep in talks" with free-agent outfielder Curtis Granderson, reports our Anthony DiComo.
• Cubs pitcher Jeff Samardzija has been discussed as a trade target this offseason, but Theo Epstein said the right-hander likely will be in the team's Opening Day rotation, with a long-term deal a possibility.
• The Cubs also agreed to a one-year deal with left-handed reliever Wesley Wright, who was non-tendered by the Rays on Monday.
• Paul Konerko has decided to return to the White Sox for one more season, filling a part-time role in his 16th year with the club. He will make $1.5 million, $1 million deferred until 2021.
• The Giants brought back right-hander Ryan Vogelsong with a one-year, $5 million deal.
• The Rockies are getting close to a two-year deal with free-agent first baseman Justin Morneau, who is expected to platoon with the right-handed Wilin Rosario. Morneau likely will get $12.5 million, plus a mutual option for 2016.
• The Reds might not be as likely to trade second baseman Brandon Phillips as was reported earlier in the offseason, especially in light of comments general manager Walt Jocketty made on Wednesday.
• With A.J. Pierzynski among the catchers who have gone off the board recently, the Rangers continue to look for a backup to pair with Geovany Soto. Kurt Suzuki is one candidate.
Andrew Simon is a reporter for MLB.com. Follow him on Twitter @HitTheCutoff.