Yankees prepared to sweeten their offer to Derek Jeter?

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Possibly.

The Bombers have already reportedly offered Derek Jeter a three-year, $45 million contract, but Brian Costello of the New York Post speculates that “it is likely the Yankees are willing to climb toward $60 million and possibly add an option year to the contract.”

Giving Jeter $15 million per season is pretty reasonable, if not generous, based on the shortstop’s recent subpar season and what will likely be a continued decline through his late 30s, so if this offer is just a jumping-off point, I’m afraid we could be headed towards zany territory, even for a perennial payroll behemoth.

Report: Orioles interested in Alex Cobb

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MLB Network’s Jon Morosi reports that the Orioles have interest in free agent right-hander Alex Cobb, who rejected his one-year, $17.4 million qualifying offer from the Rays earlier this week. Cobb was most recently linked to the Cubs, who reportedly reached out to his agent during the GM Meetings and garnered mutual interest from the righty, but nothing appears to be set in stone yet.

Cobb, 30, completed his sixth season with the Rays in 2017. He went 12-10 in 29 starts and turned in a respectable 3.66 ERA, 6.4 SO/9 and career-best 2.2 BB/9 in 179 1/3 innings. Despite losing a couple of weeks to turf toe, he remained healthy for most of the year and showed no signs of the elbow issues that robbed him of the majority of his 2015-2016 campaigns.

It’s still fairly early for any deals to come to fruition, but Morosi notes that the Orioles seem to be focused on bulking up their rotation during the first few months of the offseason. It’ll take more than a healthy Alex Cobb to right that ship, however: Orioles’ starters earned a collective 5.70 ERA and 5.5 fWAR in 2017, good for worst and fourth-worst marks in the league, respectively. Behind Kevin Gausman and Dylan Bundy (and perhaps Gabriel Ynoa/Miguel Castro), they still need three viable starters to compete in 2018. Whether or not they can afford to spring for a single starter with Cobb’s price tag (four years, $48 million, per MLB Trade Rumors) remains to be seen.