If the Dodgers are unable to negotiate terms with South Korean native Ryu Hyun-Jin by 5:00 pm EST today, ESPN's Jim Bowden believes the team would then shift their attention to Sanchez, who was considered a distant second to the newly minted Zack Grienke in the race for the top free agent pitcher on the market.
Sanchez reportedly has multiple five-year offers on the table but is looking for a contract in the six-year, $90 million range. According to Jon Heyman of CBS Sports, Sanchez recently turned down a four-year, $48 million offer by the Detroit Tigers.
Although Sanchez has a history of elbow and shoulder issues, he has made 30-plus starts in each of the past three seasons. During that time, he has averaged 196 innings pitched.
If today's deadline with Hyun-Jin comes to pass without an agreement being reached, the left-hander will return to pitch in the Korean Baseball Organization, and the Dodgers will then be refunded their $25.7 million posting fee.
With Grienke now slotted in the Dodgers rotation behind Clayton Kershaw, manager Don Mattingly currently has a group of veteran and injured starters to choose from, including Josh Beckett, Chad Billingsley, Ted Lilly, Aaron Harang and Chris Capuano.