UPDATE: Giants unable to reach deal with Ted Lilly

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UPDATE, 6:25 p.m. ET: Chris Cotillo of MLB Daily Dish says the deal has been called off because the two sides could not come to an agreement on a designated callup date. Lilly remains a free agent.

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3:45 p.m. ET: Andrew Baggarly of CSNBayArea.com reports that the Giants are nearing a minor-league contract with Ted Lilly, who was released by the Dodgers over the weekend.

Los Angeles is paying the remainder of his $12 million salary for this season, so it would be a low-cost flier for San Francisco and the 37-year-old Lilly is expected to pitch at Triple-A if/when the deal is finalized.

Lilly hasn’t been healthy since 2011, but with the Giants currently choosing between Barry Zito and Ryan Vogelsong for the final spot in their rotation Lilly could certainly get a look down the stretch.

Justin Verlander named ALCS MVP

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Following the Astros’ decisive 4-0 shutout over the Yankees on Saturday night, Justin Verlander was named the Most Valuable Player of the American League Championship Series. Hall of Fame outfielder and former MLB manager Frank Robinson handed the award to Verlander, who was beaming as he thanked his teammates and members of the Astros’ organization.

“I’ve got to say, it came down to the wire, and one thing kept going off in my head was Dallas,” Verlander told the crowd gathered at Minute Maid Park. “When he called me, he said that I won’t regret my decision to join the Houston Astros. And here we are right now, it’s the best feeling in the world. We’ve got four more wins to win a World Series, and I do not regret my decision to come here. This is the best feeling a player can have. So, thank you.”

Among a cast that boasted the likes of Jose Altuve, Carlos Correa and Dallas Keuchel, among others, Verlander was spectacular. He locked down a complete game win in Game 2, holding the Yankees to one run on five hits and a walk and striking out a postseason-high 13 batters. In Game 6, he saved the Astros from elimination with seven scoreless innings, helping propel the club to their eventual 7-1 finish that set up their series-clinching finale on Saturday.

The 34-year-old righty also took his place among some postseason greats. Thanks to an eight-strikeout outing on Friday night, his collective 136 postseason strikeouts are good for sixth-most in MLB playoff history, just a smidgen shy of Tom Glavine (143), Mike Mussina (145), Roger Clemens (173), Andy Pettitte (183) and John Smoltz (199). He also joined Bob Gibson, Curt Schilling and Sandy Koufax as one of just four hurlers to strike out 20+ Yankees in a postseason series.