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.
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.