FOX Sports' Ken Rosenthal reports that Brandon Lyon will receive between $750,000-900,000 in base pay in his deal with the Mets. It's an incentive-laden deal, as Lyon will have a chance to bump the total up to $2.4 million. Rosenthal says the two sides are "negotiating the final details" before the deal becomes official. Lyon registered a solid 3.10 ERA, 1.25 WHIP and 63/20 K/BB ratio across 61 innings last season between the Astros and Blue Jays. He'll work as a setup man in New York.

CBS Sports' Jon Heyman reports that the Mets have reached agreement with free agent Brandon Lyon.

CBS Sports' Jon Heyman reports that the Mets are closing in on a deal with free agent Brandon Lyon.

ESPN New York's Adam Rubin reports that free agent Brandon Lyon is currently talking to several teams, though no signing is imminent. It had been reported a few weeks ago that Lyon was in deep discussions to join the Giants, but their interest seems to have cooled some. Lyon posted a solid 3.10 ERA, 1.25 WHIP and 63/20 K/BB ratio in 61 innings for the Astros in Blue Jays in 2012, and is one of the top relievers remaining on the free agent market.

CSNBayArea.com's Andrew Baggarly reports that the Giants are in "deep discussions" with Brandon Lyon. Baggarly suspects that signing Lyon could be San Francisco's final offseason move -- meaning Brian Wilson will be headed elsewhere. Lyon, a 33-year-old free agent right-hander, posted a cool 3.10 ERA, 1.25 WHIP and 63/20 K/BB ratio in 61 innings last season between the Astros and Blue Jays.

Astros GM Jeff Luhnow told MLB.com's Brian McTaggart that Brandon Lyon will be shopped this month. So will closer Brett Myers, meaning ninth-inning duties could fall to someone like Wilton Lopez. The Astros are also preparing to shop left-handed starter Wandy Rodriguez. Houston should be one of the more active teams at the July 31 deadline.

Brandon Lyon has registered a 3.24 ERA, 1.29 WHIP and 35/8 K/BB ratio through 33 1/3 innings this season. Lyon seems likely to be handed ninth-inning duties in Houston if closer Brett Myers is dealt near the July 31 trade deadline. He'd hold considerable fantasy value.

Brandon Lyon pitched a scoreless inning Friday, giving him a 3.00 ERA through six innings this spring. It was anyone's guess how Lyon would come back from shoulder surgery, but the early returns have been encouraging. Unfortunately, he pretty much ceased being a fantasy sleeper when Brett Myers was shifted to the pen. He could always close if Myers is traded, but Myers' contract situation is going to make him tough to move.

Brandon Lyon has been demoted to a setup role. Lyon looked like the favorite for save chances in Houston when spring training began, but the Astros announced recently that Brett Myers will be moved from the starting rotation to the ninth inning. The owner of a 4.22 career ERA, Lyon will carry no fantasy value as a setup guy.

Brandon Lyon (shoulder) said he'll have no limitations at the beginning of spring training. "I've thrown a few times off the mound, which is kind of rare for me coming into spring training," he said. "I usually don't throw too much, but I felt like I had to throw a couple of times and get on the mound and see where I'm at. I'm actually pretty happy where I'm at. I feel like I'm ahead of where I usually am right now." The Astros are having an open competition for their closer job, but Lyon has to enter camp as the favorite despite not appearing in a game since last June. He wouldn't be a great bet to pitch well and remain in the role, though.