The Blue Jays are the favorites to land negotiating rights with Japanese right-hander Yu Darvish.
Toronto is believed to have made a posting bid of between $40 million and $50 million.
It has been reported that the Cubs also made a large bid, but no financial figures have been reported.
The Yankees and Rangers are also believed to have made bids.
Blue Jays Believed To Be High Bidders For Darvish