Mike Pelfrey SP MIN 4 Months

La Velle E. Neal III of the Minneapolis Star-Tribune reports that the Twins have upped their two-year, $10 million offer to Mike Pelfrey to around $12 million.

The Giants and Rangers also have shown interest in Pelfrey, but it's hard to imagine he'll get a better deal than that after posting 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings this past season with Minnesota. The Twins are obviously banking on some improvement as Pelfrey gets another year removed from Tommy John surgery.

Mike Pelfrey SP MIN 4 Months

According to La Velle E. Neal III of the Minneapolis Star-Tribune, the Twins are making progress on a two-year contract with right-hander Mike Pelfrey.

The Twins initially offered Pelfrey a two-year, $10 million deal, but the two sides have continued to negotiate. Neal writes that something could get done as soon as Thursday, but a deal might not be finalized until next week. The 29-year-old right-hander had a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings this past season with Minnesota.

Mike Pelfrey SP MIN 4 Months

FOX Sports' Ken Rosenthal reports that the Twins are continuing to talk to free agent right-hander Mike Pelfrey.

The Twins reportedly offered Pelfrey a two-year, $10 million contract earlier this winter, but things might have changed after the additions of Ricky Nolasco and Phil Hughes. It's unclear whether the club will entertain bringing him back if they are also able to sign Bronson Arroyo. The 29-year-old right-hander posted a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings this past season with Minnesota.

Mike Pelfrey SP MIN 4 Months

Twins general manager Terry Ryan said he is "still in dialogue" with free agent starter Mike Pelfrey.

Minnesota fans undoubtedly hoped that the signings of Ricky Nolasco and Phil Hughes would eradicate the need to re-sign Pelfrey, but that possibility has not yet been killed. La Velle E. Neal III of the Minneapolis Star-Tribune reported earlier this month that the club offered Pelfrey a two-year, $10 million contract, but it's unknown if that specific offer is still on the table. The tall right-hander returned from Tommy John surgery this year and posted a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings.

Mike Pelfrey SP MIN 4 Months

CBS Sports' Jon Heyman reports that the Yankees have "checked in" on Mike Pelfrey.

The Yankees could use another starter, but it's debatable whether Pelfrey would be an improvement after he posted a 5.19 ERA across 29 starts this past season. The Twins offered the right-hander a two-year, $10 million deal earlier this offseason, though that might have been pulled after they signed Ricky Nolasco and Phil Hughes.

Mike Pelfrey SP MIN 5 Months

La Velle E. Neal III of the Minneapolis Star-Tribune reports that the Twins might still try to re-sign Mike Pelfrey even after the signings of Ricky Nolasco and Phil Hughes.

Neal notes that the club recently offered Pelfrey a two-year, $10 million deal to stick around, though it's uncertain if that is still on the table. Pelfrey posted a 5.19 ERA across 29 starts for the Twins this past season, but the club must believe he'll improve as he's another year removed from Tommy John surgery.

Mike Pelfrey SP MIN 5 Months

CBS Sports' Jon Heyman reports that the Twins have offered a multi-year contract to Mike Pelfrey.

The two sides still differ on the dollars involved, so nothing appears to be imminent. Pelfrey returned from Tommy John surgery this year and posted a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings with Minnesota. The Twins are determined to upgrade their rotation this winter and have been connected to nearly every pitcher on the market, including Ricky Nolasco, Bronson Arroyo, Matt Garza, Phil Hughes, and Scott Feldman. They have also checked in on Ervin Santana and Ubaldo Jimenez, though the bidding on each pitcher figures to go rise above where they are willing to go.

Mike Pelfrey SP MIN 5 Months

Mike Pelfrey's agent, Scott Boras, said Wednesday that his client has been offered a multi-year contract.

Pelfrey made his way back from Tommy John surgery this past season and posted a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings with the Twins. While the numbers weren't overly impressive, Boras said he is drawing interest from a "variety of teams."

Mike Pelfrey SP MIN 5 Months

A team insider told ESPN New York's Adam Rubin that the Mets are open to a reunion with Mike Pelfrey.

But it doesn't sound like there is going to be an aggressive pursuit of the 29-year-old right-hander, who posted a 5.19 ERA in 152 2/3 innings for the Twins in 2013. "I know he is on a long list of guys just like him," the source told ESPN New York on Monday.

Mike Pelfrey SP MIN 7 Months

Mike Pelfrey said Monday that he is interested in returning to the Twins next season.

In his first season back from Tommy John surgery, Pelfrey has posted a 5.19 ERA and 101/53 K/BB ratio over 152 2/3 innings. The 29-year-old signed a one-year, $4 million contract with the Twins last winter and earned a $100,000 bonus on Monday night by passing the 150-inning mark.