"The Toronto Blue Jays are believed to have made the highest bid for the negotiating rights to Japanese pitcher Yu Darvish.

According to the New York Post, the Blue Jays have bid between $40 million (U.S.) and $50 million, outbidding the New York Yankees and Texas Rangers. The Chicago Cubs are also believed to have made a bid, but the amount is unknown.

Darvish's team, the Hokkaido Nippon Ham Fighters, have until 5 p.m. on Tuesday to accept or reject the highest bid. "