The bidding for the Padres is nearing a resolution

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UPDATE: Rosenthal adds that Moores met today with Peter Seidler, the nephew of former Dodgers owner Peter O’Malley. He met with Jabara earlier this week.

Both groups have submitted bids of $800 million, which includes $600 million for the team and $200 million as part of the team’s TV deal with FOX Sports San Diego.

10:51 PM: According to Ken Rosenthal of FOXSports.com, Padres owner John Moores is close to reaching an agreement to hand over majority control of the team.

Rosenthal hears that the club is seen as the O’Malley family’s “to lose” while a group led by Gary Jabara, the founder of a Newport Beach wireless communications company, remains in the mix with a competitive offer.

Scott Miller of CBSSports.com named the O’Malley family and Jabara as the finalists for the Padres earlier this evening. Moores’ asking price for majority control is now is in the range of $800 million and there’s optimism a deal will come together before the All-Star break. A formal transfer of ownership is unlikely to take place until the owners meetings in August.

Report: Mets showing interest in Bartolo Colon

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Last month, free agent right-hander Bartolo Colon told reporters that he’d be open to taking a minor league deal in 2018, but only if he was guaranteed a return to the Mets’ system. The 44-year-old starter is nearing the end of a 20-year career, and it makes sense that he’d want to have one last hurrah in the city where he had some of his most productive years.

Now, Twins starter Ervin Santana tells Mike Berardino of the Pioneer Press, it looks like the Mets might also be open to a reunion. It’s doubtful that Colon has all that much left in the tank, especially following a combined 7-14 record and 6.48 ERA for the Braves and Twins last year, but he’s not necessarily looking to reproduce the 15+ win, sub-4.00 ERA totals of years past.

Instead, Santana says, Colon is seeking the opportunity to win just six more games. He’ll enter the 2018 season five wins shy of the all-time record for a Latin American-born player, and is hoping to claim that title for himself before he enters retirement in 2019. Former Orioles and Expos hurler Dennis Martinez currently holds the record after clinching his 245th win back in 1998. While it took Colon a full season of starts to come up with even seven wins in 2017, he’s only one year removed from a 15-win campaign in 2016. Provided that the Mets are willing to gamble on him again, the milestone may not be that far out of reach.