The Twins are expected to offer catcher Joe Mauer a seven-year contract worth $120 million.
Mauer can hit the free agent market after the 2010 season.
He is leading the American League in batting average, on-base percentage and slugging percentage this season.
However, the Yankees and Red Sox are expected to offer Mauer more money should he become a free agent.
Twins To Offer Mauer $120M Deal