UPDATE: Yankees downplay the Rafael Soriano thing. Not that it doesn’t make sense.

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UPDATE: Not so fast on the Soriano stuff.  Mark Feinsand just spoke to a Yankees official and he downplayed the idea, saying “the price is going to be too high.”  And it will be too high, objectively speaking, for a setup man.  But it’s not like the Yankees (a) couldn’t use the help in the pen; and (b) could’t afford it.  And as some of you mentioned in the comments section, filling out the pen could help shake Joba Chamberlain free for a trade.  I mean, sure, the Yankees don’t see him as a starter anymore, but someone might, and he could form the basis of a package that could get a useful starting pitcher in return.

3:59 PM: The arms race is getting out of control. The Red Sox get Jenks?  Fine. The Yankees want Rafael Soriano. Mark Feinsand of the Daily News:

According to a source with knowledge of the Yankees’ thinking, the Bombers are “exploring” the option of signing Soriano, the All-Star closer who pitched last year for the Rays. With plenty of money to spare in the wake of Cliff Lee’s return to Philadelphia, the Yankees have held preliminary discussions with Scott Boras about Soriano, the source said.

Soriano used to be the best setup guy in baseball. In New York he’d have that role again. And, if it was a three-year deal, he could be Mariano Rivera’s heir.

In other news, if the Yankees did get Soriano — and if the Red Sox don’t find a sucker to take Papelbon — they and the Sox would have four of the top eight closers — at least in terms of saves — from the 2010 season on their rosters.  Which is cool with me because (a) who cares about saves; and (b) both the Jenks and Soriano signings would address legitimate needs for each team, but you figure a lot of people will freak out about this.

Report: Blue Jays and Marco Estrada nearing agreement on contract extension

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Jon Morosi reports that the Blue Jays and starter Marco Estrada are nearing an agreement on a contract extension. The deal is expected to be for one guaranteed year, Morosi adds.

Estrada, 34, was set to become a free agent after the season. He earned $26 million on a two-year contract signed with the Jays in November 2015. While the right-hander has a subpar 4.84 ERA on the season, he has a solid 170/67 K/BB ratio in 176 2/3 innings and has looked much better since the end of July. Between July 31 and his most recent start on Saturday, Estrada owns a 3.75 ERA.

J.A. Happ is the only other starter technically under contract with the Jays next season. Marcus Stroman will be eligible for his second year of arbitration and the Jays will certainly agree to give him a raise on his $3.4 million salary for the 2017 season. The Jays will likely be active this offseason in adding rotation help and they’re starting early by locking up Estrada.

Video: Jackie Bradley, Jr. robs Chris Davis of a home run

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Red Sox center fielder Jackie Bradley, Jr. robbed Orioles first baseman Chris Davis of his 25th home run on Tuesday evening, leaping at the fence in center field to make the catch and keep the game scoreless in the bottom of the fifth inning.

Davis swung at the first pitch he saw from Drew Pomeranz, a slider that crossed the middle of the plate.

This game has potential playoff implications, as the first-place Red Sox hold a three-game lead over the Yankees in the NL East. Meanwhile, the Orioles are still in the AL Wild Card race, trailing the Twins by 5.5 games for the second Wild Card slot.