Jan 08, 2010 8:24 AM EST

The Angels and Blue Jays have emerged as favorites to land Cuban left-hander Aroldis Chapman, but the Red Sox are still in the race.

One major-league executive predicts that Chapman will sign with either the Red Sox or Yankees. There have been reports that New York is out.

"This one is for the big-money teams," the executive said.

Two other major-league sources confirmed that Boston is still engaged with Randy and Alan Hendricks, Chapman's agents, after making an opening offer in excess of $15 million.

Via ESPN