Justin Masterson SP CLE 1 Month

Contract extension talks between the Indians and Justin Masterson have broken off.

"Free agency at end of season appears likely," adds FOX Sports' Ken Rosenthal. Masterson reportedly made three- to four-year proposals to the Indians believed to be in the $40-60 million range; even the highest range would have fallen beneath the $17.5 million AAV recently forked over to Homer Bailey. Masterson will make $9.7625 million in his final year before free agency. The 28-year-old is coming off a great season in which he posted a 3.45 ERA with 195 strikeouts over 193 innings.

Justin Masterson SP CLE 1 Month

CBS Sports' Jon Heyman reports that the Indians have yet to respond to Justin Masterson's contract extension proposals from earlier this month.

Masterson has reportedly made three- to four-year proposals to the Indians believed to be in the $40-60 million range. They're very reasonable proposals, but the cost-conscious Indians have yet to bite on them. Heyman says the offers remain on the table and the two side would still like to hammer out a long-term deal before Opening Day. Masterson will make $9.7625 million in his final year before free agency.

Justin Masterson SP CLE 1 Month

Justin Masterson was outstanding in Sunday's Cactus League victory over the Cubs, scattering just two hits over five scoreless innings of work.

The 28-year-old punched out eight on the afternoon without issuing a walk. He's now hurled 13 scoreless innings to begin the Cactus League season, while compiling a dynamite 14/2 K/BB ratio in 13 innings. So far, he's done his best to prove that his breakout 2013 season wasn't a fluke.

Justin Masterson SP CLE 1 Month

Indians manager Terry Francona on Tuesday named Justin Masterson his Opening Day starter.

It was a mere formality. Masterson, who will making his third straight Opening Day start, will get the ball on March 31 in Oakland. The 28-year-old is coming off a fine season in which he posted a 3.45 ERA with 195 strikeouts over 193 innings.

Justin Masterson SP CLE 1 Month

Justin Masterson shut out the D'Backs for four innings in Tuesday's start.

Masterson's Cactus League ERA remains at a nice 0.00 through eight innings. He didn't allow a hit to the Indians on Tuesday, though he did walk one. If his boosted strikeout rate from last season continues, he shouldn't have any trouble replicating his success.

Justin Masterson SP CLE 2 Months

Justin Masterson blanked the Cubs over three innings during his start on Thursday.

Masterson allowed three hits and a walk while fanning three. The right-hander took a big leap forward with his strikeout rate, jumping from 17 percent to 24 percent. He also led the league in ground ball rate at 58 percent. Rightly, the Indians are trying to sign him to a contract extension, but the two sides have yet to hash things out. Regardless, he'll take the hill on Opening Day for the Tribe.

Justin Masterson SP CLE 2 Months

Justin Masterson confirmed Wednesday that he wants to stay with the Indians and is willing to accept a shorter-term deal.

While there was some speculation that Masterson would command a deal similar to Homer Bailey's recent six-year, $105 million extension with the Reds, Paul Hoynes of the Cleveland Plain Dealer reported Tuesday night that he has requested a three- or four-year contract from the Indians in the range of $40-60 million. His demands are pretty reasonable, so we're guessing something will get done.

Justin Masterson SP CLE 2 Months

Paul Hoynes of the Cleveland Plain Dealer reports that Justin Masterson and his agent, Randy Rowley, have made a three- to four-year proposal to the Indians believed to be in the $40-60 million range.

Hoynes says they're waiting to hear back from the Indians, but if the club is serious at all about keeping Masterson, it's hard to imagine them not jumping at that offer. Rowley told CBS Sports' Jon Heyman that the righty "is motivated to stay in Cleveland by his admiration for manager Terry Francona, his strong feelings about his teammates and family situation." Both sides have set an Opening Day deadline for extension talks.

Justin Masterson SP CLE 2 Months

CBS Sports' Jon Heyman reports that Justin Masterson could be willing to accept a deal as short as three years from the Indians.

Heyman says the Indians have let Masterson's agent, Randy Rowley, know that they "have no intention of paying anywhere in the ballpark" of Homer Bailey's six-year, $105 million extension. The good news is that it sounds like Masterson is willing to take a hometown discount, with Rowley telling Heyman that the righty "is motivated to stay in Cleveland by his admiration for manager Terry Francona, his strong feelings about his teammates and family situation." Paul Hoynes of the Cleveland Plain Dealer has reported that the Indians have discussed deals in the 3-4 year range with Rowley.

Justin Masterson SP CLE 2 Months

Justin Masterson struck out two in his only inning of work Thursday.

Masterson was in top form in his start against the Indians. He was in trouble after Billy Hamilton singled and advanced to third on shortstop Mike Aviles' throwing error, but used his ability to miss bats to get out of harm's way. On the heels of his great 2013, Masterson is trying to work on a contract extension with the Indians.