UPDATE: Indians, Grady Sizemore closing in on new deal

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UPDATE II: According to Buster Olney of ESPN.com, a deal between the Indians and Sizemore will get done.

UPDATE: Sizemore’s agent, Joe Urbon, confirmed to Rosenthal that serious discussions with the Indians are taking place. The 29-year-old could make up his mind as soon as this weekend.

7:42 PM: Sources tell FOXSports.com’s Ken Rosenthal than the Indians and Grady Sizemore are involved in serious talks and will likely agree to a one-year deal.

It’s something of a surprise, given that the team declined Sizemore’s $9 million option for 2012 earlier this month.

The 29-year-old Sizemore, formerly one of the AL’s very best players, has missed much of the last two seasons due to knee problems. He hit .224/.285/.422 with 10 homers in 71 games last season.

Sizemore was only interested in a one-year deal this winter, as he hopes to rebuild his value and land a much bigger contract next winter. That’s what adds to the mixed feelings here; if Sizemore does return to old form, the Indians will have a difficult time re-signing him to the $15 million-$20 million per year contract he’s going to deserve.

Given what Sizemore is right now, the Indians might well be better off replacing him with a right-handed-hitting corner outfielder. Left fielder Michael Brantley would be just fine in center, and Sizemore’s return makes the Indians way lefty heavy. Brantley, right fielder Shin-Soo Choo, DH Travis Hafner, second baseman Jason Kipnis and third-base candidates Jack Hannahan and Lonnie Chisenhall are all left-handed hitters.

Report: Red Sox expected to hire Alex Cora after World Series

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Jon Heyman of FanRag Sports reports that the Red Sox have offered a contract to Astros’ bench coach Alex Cora, though the deal won’t be officially announced until the conclusion of the World Series later this month. Cora has long been a favorite for the Sox’ managerial vacancy, and despite reports that he was being pursued by the Tigers, Mets, Phillies and Nationals, he’s expected to land in Boston after all. The team has yet to verify the report.

The deal is for three years, per the Athletic’s Ken Rosenthal. Cora is coming off of a one-year gig with the Astros and has no prior managerial experience. More importantly, however, he stands out for his familiarity with the Red Sox’ organization, strong connection with players and analytics-driven approach.

The Red Sox are the second team to replace their manager this offseason after the Tigers snatched up Ron Gardenhire on Friday. The Mets, Phillies and Nationals are still hunting for replacements.