UPDATE: Mets agree to contract with reliever Jon Rauch

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UPDATE III: The Mets might not be done addressing their bullpen. Ken Rosenthal of FOXSports.com reports that the they are working on a 2-for-1 deal that is described as a “change of scenery” for all parties. Stay tuned.

UPDATE II: Jim Duquette of MLB Network Radio on SiriusXM reports that the deal is done, pending a physical. It’s reportedly worth $3.5 million and includes some performance-based incentives.

Joel Sherman of the New York Post confirms the report while adding that the Mets still hope to add another late-inning option to compete with Rauch for the closer role during spring training.

Rauch, 33, posted a 4.85 ERA and 36/14 K/BB ratio over 52 innings with the Blue Jays this season. The 6-foot-11 right-hander was 11-for-16 in save opportunities.

UPDATE: Adam Rubin of ESPN.com reports that the Mets are making progress in talks with free agent reliever Jon Rauch.

Andy Martino of the New York Daily News asked a source whether the two sides were closing in on a deal and was told, “You’re on the right track.”

5:50 PM: Joel Sherman of the New York Post and Andy Martino of the New York Daily News are both reporting that the Mets are picking up their search for relief help. In fact, Martino hears that they could make a deal as soon as tonight.

The Mets have been connected in talks for free agents like Francisco Rodriguez, Brad Lidge, Jon Rauch, Frank Francisco, Francisco Cordero, Octavio Dotel, Chad Qualls and Todd Coffey, but general manager Sandy Alderson told Adam Rubin of ESPN New York this afternoon that he is more inclined to sign two second-tier relievers as opposed to spending significant money on a high-profile name.

“I’d be surprised if we throw all of our money at one guy,” Alderson said. “Our bullpen is such that we definitely need somebody at the end. We can use more depth in our pen also. I think if we can do it, it probably would be better to be a little bit conservative with our top-end guy and still have some money to provide depth.

New York’s bullpen was 28th in the majors last season with a 4.33 ERA. While Bobby Parnell was given a chance to audition for the closer role following the trade of K-Rod, his six blown saves in 12 chances during the second half of the season has caused the Mets to look outside the organization for an alternative.

Dodgers acquire Manny Machado from Orioles for five minor leaguers

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The Orioles and Dodgers finally completed the trade involving Manny Machado, ESPN’s Jerry Crasnick reports. The Orioles will receive five prospects from the Dodgers: Yusniel Diaz, Dean Kremer, Zach Pop, Rylan Bannon, and Breyvic Valera.

Machado, 26, is in the final year of his contract, so this is currently a rental for the first-place Dodgers. Machado ended the first half batting .315/.387/.575 with 24 home runs, 65 RBI, 48 runs scored, and eight stolen bases in 413 plate appearances. In Los Angeles, he will handle shortstop, allowing Chris Taylor to move over to second base.

MLB Pipeline rated Diaz as the Dodgers’ No. 4 prospect and No. 84 across baseball. Kremer was No. 27 in the Dodgers’ system and Bannon was No. 28.

Diaz, 21, is considered the centerpiece of the trade. The outfielder hit .314/.428/.477 with 20 extra-base hits, 30 RBI, and 36 runs scored in 264 plate appearances at Double-A Tulsa this season.

Kremer, 22, was selected by the Dodgers in the 14th round of the 2016 draft. He spent most of his season with High-A Rancho Cucamonga before earning a promotion to Tulsa earlier this month. Overall, in 17 starts, the right-hander posted a 3.03 ERA with a 125/29 K/BB ratio in 86 innings.

Pop, 21, was selected by the Dodgers in the seventh round of the 2017 draft. He has spent his season between Rancho Cucamonga and Single-A Great Lakes. Overall, he compiled a 1.04 ERA with 47 strikeouts and 13 walks in 43 1/3 innings of relief.

Bannon, 22, was selected by the Dodgers in the eighth round of the 2017 draft. With Rancho Cucamonga this season, the infielder batted .296/.402/.559 with 20 home runs and 61 RBI in 403 PA.

Valera, 26, has appeared in 20 games at the major league level for the Dodgers this season, batting a meager .172 with a .445 OPS in 34 PA. Valera has versatility, having played second base, third base, and corner outfield this year while also having experience in center field, shortstop, and first base.