Report: Orioles and Ubaldo Jimenez agree to a four-year, $50 million deal

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UPDATE: According to CBS Sports’ Jon Heyman, the Orioles and Jimenez agreed to a four-year, $50 million deal.

6:53 p.m. ET: FOX Sports’ Ken Rosenthal reports that the Orioles and Jimenez have reached agreement on a deal, pending a physical.

6:23 p.m. ET: After sitting on the sidelines for most of the offseason, the Orioles finally appear ready to make a big splash.

Roch Kubatko of MASNSports.com reports that the Orioles have made “substantial progress” in contract talks with free agent right-hander Ubaldo Jimenez and are working to finalize a deal. The contract, if finalized, is believed to be for four years and around $48 million.

Jimenez hoped to land a monster contract this offseason after his monster second half last year, but things haven’t turned out exactly as planned. Surely many teams weren’t convinced that a handful of excellent starts were enough to make a substantial investment — it looks like he’ll end up getting a similar contract to Ricky Nolasco (Twins) and Matt Garza (Brewers) — but it also didn’t help that he was attached to draft pick compensation. The Orioles have also been linked to Ervin Santana in recent weeks, but Jimenez has more upside if his second half is a sign of things to come. For a team with a brief window to win with their current roster, they might as well shoot for the moon here. Of course, the bust potential is pretty big, too.

The Orioles will surrender their first-round pick (No. 17 overall) and the corresponding draft pool money if they sign Jimenez. He would join a starting rotation which also projects to include Chris Tillman, Wei-Yin Chen, Bud Norris, and Miguel Gonzalez.

Report: Blue Jays and Marco Estrada nearing agreement on contract extension

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Jon Morosi reports that the Blue Jays and starter Marco Estrada are nearing an agreement on a contract extension. The deal is expected to be for one guaranteed year, Morosi adds.

Estrada, 34, was set to become a free agent after the season. He earned $26 million on a two-year contract signed with the Jays in November 2015. While the right-hander has a subpar 4.84 ERA on the season, he has a solid 170/67 K/BB ratio in 176 2/3 innings and has looked much better since the end of July. Between July 31 and his most recent start on Saturday, Estrada owns a 3.75 ERA.

J.A. Happ is the only other starter technically under contract with the Jays next season. Marcus Stroman will be eligible for his second year of arbitration and the Jays will certainly agree to give him a raise on his $3.4 million salary for the 2017 season. The Jays will likely be active this offseason in adding rotation help and they’re starting early by locking up Estrada.

Video: Jackie Bradley, Jr. robs Chris Davis of a home run

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Red Sox center fielder Jackie Bradley, Jr. robbed Orioles first baseman Chris Davis of his 25th home run on Tuesday evening, leaping at the fence in center field to make the catch and keep the game scoreless in the bottom of the fifth inning.

Davis swung at the first pitch he saw from Drew Pomeranz, a slider that crossed the middle of the plate.

This game has potential playoff implications, as the first-place Red Sox hold a three-game lead over the Yankees in the NL East. Meanwhile, the Orioles are still in the AL Wild Card race, trailing the Twins by 5.5 games for the second Wild Card slot.