"The 5 p.m. ET Wednesday deadline for Major League teams to submit their bids for Japanese star pitcher Yu Darvish has come and gone. Now, clubs will wait for Darvish's Japanese club, the Hokkaido Nippon Ham Fighters, to review offers for the right to exclusively negotiate with the prized 25-year-old right-hander.

At the conclusion of what amounts to a four-day silent auction, the team with the highest bid will have 30 days to reach an agreement with Darvish. If a deal is reached, the winning club will pay the posting fee and Darvish will have free reign to play stateside. Should no deal be finalized, Darvish's rights will return to the Fighters.

There is mystery surrounding the submissions considering there is no current favorite for Darvish. A number of teams have been rumored to possess interest in the Japanese star. According to ESPN's Buster Olney, the Yankees posted an offer, and he also tweeted, according to three MLB executives, that the Rangers and Blue Jays are candidates to win the bidding. The Angels, Rays and Twins did not submit a bid, according to several reports. "