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UPDATE: Mets agree to contract with reliever Jon Rauch

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UPDATE III: The Mets might not be done addressing their bullpen. Ken Rosenthal of FOXSports.com reports that the they are working on a 2-for-1 deal that is described as a “change of scenery” for all parties. Stay tuned.

UPDATE II: Jim Duquette of MLB Network Radio on SiriusXM reports that the deal is done, pending a physical. It’s reportedly worth $3.5 million and includes some performance-based incentives.

Joel Sherman of the New York Post confirms the report while adding that the Mets still hope to add another late-inning option to compete with Rauch for the closer role during spring training.

Rauch, 33, posted a 4.85 ERA and 36/14 K/BB ratio over 52 innings with the Blue Jays this season. The 6-foot-11 right-hander was 11-for-16 in save opportunities.

UPDATE: Adam Rubin of ESPN.com reports that the Mets are making progress in talks with free agent reliever Jon Rauch.

Andy Martino of the New York Daily News asked a source whether the two sides were closing in on a deal and was told, “You’re on the right track.”

5:50 PM: Joel Sherman of the New York Post and Andy Martino of the New York Daily News are both reporting that the Mets are picking up their search for relief help. In fact, Martino hears that they could make a deal as soon as tonight.

The Mets have been connected in talks for free agents like Francisco Rodriguez, Brad Lidge, Jon Rauch, Frank Francisco, Francisco Cordero, Octavio Dotel, Chad Qualls and Todd Coffey, but general manager Sandy Alderson told Adam Rubin of ESPN New York this afternoon that he is more inclined to sign two second-tier relievers as opposed to spending significant money on a high-profile name.

“I’d be surprised if we throw all of our money at one guy,” Alderson said. “Our bullpen is such that we definitely need somebody at the end. We can use more depth in our pen also. I think if we can do it, it probably would be better to be a little bit conservative with our top-end guy and still have some money to provide depth.

New York’s bullpen was 28th in the majors last season with a 4.33 ERA. While Bobby Parnell was given a chance to audition for the closer role following the trade of K-Rod, his six blown saves in 12 chances during the second half of the season has caused the Mets to look outside the organization for an alternative.

Blue Jays activate Jose Bautista from the disabled list

PHILADELPHIA, PA - JUNE 16: Jose Bautista #19 of the Toronto Blue Jays flips his hat off while walking from the dugout to the clubhouse after getting injured in the seventh inning against the Philadelphia Phillies at Citizens Bank Park on June 16, 2016 in Philadelphia, Pennsylvania. (Photo by Drew Hallowell/Getty Images)
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The Blue Jays announced on Monday that outfielder Jose Bautista has been activated from the 15-day disabled list. To create room on the roster, the club designated outfielder Junior Lake for assignment and optioned 1B/OF Chris Colabello to Triple-A Buffalo.

Bautista was sidelined for five weeks dealing with turf toe, suffered when he banged his left foot against the base of the wall in right field at Citizens Bank Park. He’ll return hitting .230/.360/.455 with 12 home runs and 41 RBI in 286 plate appearances.

Neither Lake nor Colabello provided much in their time with the Jays. Colabello, who served an 80-game suspension after testing positive for a performance-enhancing drug, had just two singles, two walks, and an RBI in 32 plate appearances. Lake hit .206 with a home run in 38 PA.

Marlins showing interest in Mariners’ Miley, Phillies’ Hellickson

SEATTLE, WA - JUNE 29: Starting pitcher Wade Miley #20 of the Seattle Mariners walks off the field during a game against the Pittsburgh Pirates at Safeco Field on June 29, 2016 in Seattle, Washington. The Pirates won the game 8-1. (Photo by Stephen Brashear/Getty Images)
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Clark Spencer of the Miami Herald reported on Monday morning that the Marlins are considering Mariners starter Wade Miley as a potential upgrade to the starting rotation. Bob Nightengale of USA TODAY reported on Sunday that the Phillies were scouting the lower level of the Marlins’ minor league system in preparation of a potential trade involving starter Jeremy Hellickson.

The Marlins were already on the prowl for rotation help before putting Wei-Yin Chen on the disabled list on Sunday due to a sprained left elbow. Behind Jose Fernandez and Adam Conley, the rotation is underwhelming as Tom Koehler has a 4.42 ERA, Jose Urena 5.34, and Jarred Cosart 7.98 albeit over three starts.

Miley, 29, will earn $8.75 million next season and has a club option for the ’18 season worth $12 million with a $500,000 buyout. This year, his first with the Mariners, the lefty has posted a disappointing 5.23 ERA with a 73/33 K/BB ratio in 105 innings.

Hellickson, 29, is owed the remainder of his $7 million salary for this season and will be eligible for free agency heading into 2017. The former Rookie of the Year Award winner been a reliable innings-eater for the Phillies, posting a 3.84 ERA with a 106/27 K/BB ratio in 119 2/3 innings.