Indians nearing two-year, $16.5 million contract extension with shortstop Asbrubal Cabrera

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FOX Sports’ Jon Paul Morosi reports that the Indians are close to agreeing to a two-year, $16.5 million extension with shortstop Asdrubal Cabrera.

The deal will run through 2014, covering Cabrera’s final year of arbitration eligibility and his first year of free agency. The 26-year-old All-Star is set to earn $4.55 million in 2012, his second year of arbitration.

Cabrera hit .273/.332/.460 with 25 homers, 92 RBI and 17 stolen bases in 151 games last season. Cleveland was probably hoping to lock him up longer, but they’ll settle for what looks to be a team-friendly two-year deal and revisit long-term talks down the road.

Cabrera stands to cash in big — either on the free agent market or with the Tribe — if he continues to register flashy offensive numbers. It’s not often that productive, under-30 shortstops become available.

Phillies, Red Sox interested in Carlos Santana

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The Phillies and Red Sox appear intent on pursuing free agent first baseman Carlos Santana, MLB Network’s Jon Morosi reports. Santana rejected a one-year, $17.4 million qualifying offer from the Indians on Thursday and is expected to draw widespread interest on the market this winter. The Mets, Mariners, Angels and Indians could make a play for the infielder, though no serious offers have been made this early in the offseason.

Santana, 31, is coming off of a seven-year track with the Indians. He batted .259/.363/.455 with 23 home runs and 3.0 fWAR last season, making 2017 the fourth-most valuable year of his career to date. Although he was primarily stationed at first base over the last year, he could step back into a hybrid first base/DH role with the Red Sox, who are hurting for infield depth with Hanley Ramirez still working his way back from shoulder surgery.

As for Santana’s other suitors, the Mariners are far less likely to pursue a deal after trading for Ryon Healy last Wednesday. Neither the Mets nor the Phillies have a DH spot to offer the veteran infielder, and the Phillies’ Rhys Hoskins appears to be blocking the way at first base. Then again, Santana may not find a more enticing offer outside of Cleveland, where Edwin Encarnacion might otherwise be the club’s best option at first base. During the GM meetings, Indians’ GM Mike Chernoff said he “love to have both [Santana and Jay Bruce] back” in 2018, but hasn’t backed up that love with any contract talks just yet.