Updated: Johnny Cueto turned down a six-year, $120 million offer from the Diamondbacks

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Update #2 (10:58 PM EST): MLB.com’s Steve Gilbert reports that Cueto turned down a six-year, $120 million offer from the Diamondbacks. On an average annual value basis, that would come in $2 million per year under what Jordan Zimmermann got from the Tigers, though the market obviously hadn’t been set then.

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Update (7:58 PM EST): Nick Piecoro of the Arizona Republic reports that Diamondbacks GM Dave Stewart met with Cueto earlier this month in the Dominican Republic and made a contract offer that the right-hander turned down. The Diamondbacks maintain interest in the free agent.

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Ken Rosenthal of FOX Sports reports that the Diamondbacks spoke with Bryce Dixon, the agent of free agent starter Johnny Cueto. However, Rosenthal notes that Cueto’s price tag is expected to exceed the Diamondbacks’ comfort level.

Cueto, 29, is one of a handful of highly touted starting pitchers in this offseason’s free agent class. He is joined by David Price and Zack Greinke, among others. Jordan Zimmermann inked a deal in the neighborhood of $110 million over five years with the Tigers on Sunday morning, which will serve as a barometer for Cueto.

Cueto finished the 2015 regular season, between the Reds and the Royals, with a 3.44 ERA and a 176/46 K/BB ratio over 212 innings. He made 13 shaky starts with the Royals, but outside of a shellacking in Game 3 of the ALCS against the Blue Jays, pitched well in the post-season. Cueto pitched a complete game in Game 2 of the World Series against the Mets, helping put the Royals up two games to none at the time.

As a result of switching teams during the season, Cueto was not eligible to receive a $15.8 million qualifying offer. This means that Cueto, unlike Zimmermann for example, does not come attached with draft pick compensation.