UPDATE: The Orioles have not offered Matt Holliday $130 million

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UPDATE: “Andy MacPhail vehemently denied a report today from Foxsports.com that said the club had made an 8-year, $130 million offer to free-agent outfielder Matt Holliday.”  Buster Olney‘s source: “The story is not accurate in any respect.”

Ahem. I wonder if someone, say, an agent known for trying to create the perception of high demand for his clients, had anything to do with getting that little nugget out there?
   

2:54 P.M.: Following up on yesterday’s stuff about the Cardinals’ optimism regarding Matt Holliday comes word from FOX’s Tracy Ringolsby that the Orioles, who had previously been sniffing around Holliday, could be more serious players than we first thought:

Baltimore, meanwhile, did make an eight-year, $130 million offer to
Holliday, and general manager Andy MacPhail did discuss the possibility
of arranging a meeting between himself, Orioles owner Peter Angelos and
Holliday in Austin, Tex., where Holliday is living in the offseason.

$130 million over eight years is $16.25 million a year. That’s way more playable than I think anyone had assumed Baltimore’s offer to be, and certainly looks a lot nicer a few weeks deeper into the offseason.  I would assume that, like the Cardinals’ offer, which is reportedly in the $15-16 million range, some of those years are all vesty and optiony.

But if there’s any movement on that — say, one extra guaranteed year or some easing up on the rigor of the vesting — Holliday could easily wind up in Baltimore instead of St. Louis.  And the fact that the Orioles are willing to talk to Holliday about this some more suggests that there could be movement.
 

Report: Yankees J.A. Happ, closing in on a three-year deal

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UPDATE: Rosenthal is now walking the report back a bit, saying that indications that the Yankees and Happ are close to a deal but that it is not yet done.

10:29 AM: Ken Rosenthal reports that the Yankees and J.A. Happ have come to terms on a three-year deal. The agreement is pending a physical. The financial terms are not yet known.

Happ just turned 36, but he has been effective enough to warrant a three-year commitment. The Yankees know this as well as anyone, having acquired him last year and watched him post a 7-0 record and a 2.69 ERA in 11 starts in New York. For the entire season he was 17-6 with a 3.65 ERA and a K/BB ratio of 193/51 in 177.2 innings between the Yankees and the Blue Jays.

With Happ back in the fold, the Yankees rotation now consists of Luis Severino, James Paxton, Happ, Masahiro Tanaka and CC Sabathia, not necessarily in that order. A good group, assuming it stays healthy.