Judge has an offer on the table "in the neighborhood of eight years and $300 million” from the Yankees, according to ESPN’s Jeff Passan (subscription required), but negotiations may only be just getting started.

While Passan notes that the Yanks could increase their offer “depending on how far the San Francisco Giants -- the other top suitor -- are willing to push the market," MLB.com’s Jon Paul Morosi isn’t ruling out the possibility of the Giants winning out in the end.

“The Giants are a very realistic possibility,” Morosi said Thursday on MLB Network. “This is not a Yankees at 70% likelihood and the Giants at 30. I think that we are very close to 50/50, where if the Giants really step up and get that AAV up closer to $40 million a year, there’s a legitimate chance that Aaron Judge becomes a San Francisco Giant."