Geoff Baker of the Seattle Times reports that the full $1 million of Jason Bay's base salary with the Mariners is not guaranteed. Bay will be guaranteed $500,000 if he doesn't make the club out of spring training. The 34-year-old outfielder posted a measly .647 OPS over three seasons with the Mets, but the Mariners are hopeful that the change of scenery will do him well.

Andy Martino of the New York Daily News reports that the Mariners have signed outfielder Jason Bay, pending a physical. No word yet on the terms involved, but he's expected to get a major league deal. Bay recently parted ways with the Mets after batting just .234/.318/.369 with 26 home runs over three seasons, but the Mariners are hopeful there's something left in the tank.

Jordan Bastian of MLB.com reports that the Indians have offered Jason Bay a one-year contract. The Indians are reportedly in the lead and Bay is nearing a decision, but the Mariners and others remain in play. The 34-year-old is expected to receive a major-league deal.

Joel Sherman of the New York Post hears that the Indians may be in the lead to sign outfielder Jason Bay. Believe it or not, there's a mini-bidding war for Bay. The Mariners are still in the mix while the Cubs are said to be in the periphery. The Indians could be a nice fit, as new skipper Terry Francona managed Bay in Boston from 2008-2009. The 34-year-old outfielder batted just .165/.237/.299 in 70 games this past season, but teams are banking on a modest rebound with the change of scenery. He's expected to get a major-league deal.

Andy Martino of the New York Daily News reports that free agent outfielder Jason Bay is still talking to several teams. It was mentioned on ESPN 710's "Brock and Salk" show on Tuesday that Bay was "pretty close" to signing with the Mariners. They are among the possible landing spots, but a deal isn't done yet. Bay, 34, is looking for a fresh start this winter after batting just .234/.318/.369 with 26 home runs over three seasons with the Mets.

According to ESPN 710's "Brock and Salk" show, free agent outfielder Jason Bay "is pretty close" to signing with the Mariners. It makes sense as a potential fit, as Seattle is close to Bay's home in British Columbia and his asking price figures to be pretty low. The 34-year-old outfielder batted just .165/.237/.299 in 70 games this past season for the Mets and .245/.329/.374 in 123 games in 2011.

WEEI's Rob Bradford reports that there has been "solid interest" in free agent outfielder Jason Bay. Which means that he's likely to do better than a non-guaranteed minor league contract. Bay, 34, batted just .165/.237/.299 in 70 games this past season for the Mets and .245/.329/.374 in 123 games the year before. The Red Sox were said to be "in contact" with him in mid-November but are no longer interested in a reunion.

Buster Olney of ESPN.com reports that the Red Sox are "among the teams in contact" with Jason Bay. Bay would prefer to sign with a West Coast team, but to this point only two East Coast teams -- the Red Sox and Indians -- are known to have shown interest. Olney adds that Bay is "looking for opportunity, familiarity," which is something Boston might be able to offer him. The veteran outfielder was cut loose by the Mets last week.

Buster Olney of ESPN.com reports that the Indians are on "a short list" of teams being considered by free agent outfielder Jason Bay. Bay is looking for an opportunity and a place where there is some familiarity, so there could be a fit with the Indians, as new skipper Terry Francona managed Bay in Boston from 2008-2009. Michael Silverman of the Boston Herald reported last week that the British Columbia native would prefer to sign with a team on the West Coast, so it's not a sure thing that he'll sign with Cleveland.

Jon Heyman of CBSSports.com reports that Jason Bay will receive the $15 million deferred as part of his settlement with the Mets by the end of 2015. Bay is still owed a total of $21 million by the Mets, but this would suggest that he'll be paid $6 million in 2013. The Mets were originally responsible for the entire $21 million sum by the end of 2013, but the $15 million in deferred monies will now be paid in five installments over an additional two years. Heyman writes that the present-day value of the contract is worth only about $850,000 less than the full $21 million, so if Bay ends up making $850,000 or more with his next club, he'll make out ahead in the deal. It's really a win-win for both sides, as the Mets get some much-needed financial relief for 2013.