"Having made a posting bid above $40 million and possibly close to $50 million, the Blue Jays are the favorites to land the negotiating rights to Yu Darvish.

There is a belief the Cubs also made a large bid on the right-handed pitcher but a number hasn't been attached to their bid.

The Yankees made a bid Wednesday night, but it's not expected to top what the Blue Jays submitted. The Rangers are also believed to have bid.

According to several sources with knowledge of the situation, the Blue Jays made the monster bid on orders from owner Rogers Communications."