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According to the newspaper, the deal is a five-year contract worth $47 million. The 29-year-old Ryan had 36 saves during the 2005 season. As of Thursday evening the Blue Jays and the Indians were considered as the front-runners to acquire the left-hander.
The Blue Jays are now expected to move Miguel Batista in a package for an outfield bat.
InsideTheDome.com first reported yesterday that the Blue Jays were prepared to offer Ryan a five-year contract.
General Manager J.P. Ricciardi told the Associated Press that he did not anticipate any announcements regarding Ryan during the weekend.
The same official that told InsideTheDome on Thursday that the Blue Jays were prepared to make Ryan a five-year offer, confirmed the financial aspect of the deal, but would not call the deal official.
"I was told Ryan gave the green light to Fernando Cuza (his agent) to go get a deal done with the Blue Jays after Ryan said he would agree to a five-year contract in the neighborhood of $47 million."
It was believed that Ryan promised one team a final chance to sign him after he received his best offer, but that does not appear to be the case right now.
"All I know it's not the Yankees" the source said with a laughter.
"If you put a gun to my head, I'll say Ryan ends up with the Blue Jays."
ITD also reported yesterday that the Blue Jays were pursuing outfielder Brian Giles, and that still appears to be the case.
"I don't think Burnett will sign before the winter meetings, but I wouldn't be shocked to see Giles signing with the Blue Jays early next week. I'll tell you, J.P. always said he wanted to get his work done before the winter meetings, and he is following that plan."
Andrew Axia contributed to this report.
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