FOXSports.com speculates that there are four teams remaining in the Jason Bay sweepstakes this winter.

But an official of one interested club believes that four teams remain involved in the bidding: the Mets, Mariners, Giants and Angels.

And while the Yankees are signaling that they’re not in on Bay — or Matt Holliday, or Johnny Damon — they have been known to shift course rapidly at this time of year.

One source believes the Mariners are attempting to clear payroll in order to make a late push for Bay. But one rival executive doubts Seattle would sign Bay for more than one or two years, since prospects Michael Saunders and Dustin Ackley are candidates to play left field in the long term.

The Angels haven’t ruled themselves out, either. They have watched their own free agents, Chone Figgins and John Lackey, sign elsewhere.

As for the Giants? One person familiar with the organization’s plans said today that it’s “not impossible” to envision them signing Bay or Matt Holliday.

Of the four clubs, the Mariners might make the most sense because Bay grew up north of Seattle and might want to play closer to home. But will they clear enough pay roll in time to scoop him up?

The Mets aren’t afraid to open their wallets, but who knows if they’re be an attractive enough option for Bay in the end. The same goes for the Giants, although I don’t see them spending enough in order to acquire Bay and there have been several reports that state that he doesn’t want to play in San Francisco.

The wild card is the Yankees, who are never out of a deal with their capless payroll. Even though rumor has it that they don’t want to exceed $200 million for their payroll, they’ll stop at nothing to add talent.

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The Yankees acquired starter Javier Vazquez and left-hander Boone Logan from the Braves in exchange for outfielder Melky Cabrera, left-hander Mike Dunn and right-hander Arodys Vizcaino.

Vazquez is coming off a solid season in Atlanta, posting a 15-10 record with a 2.87 ERA and a 1.03 WHIP. In his first stint with the Yankees, he recorded a 14-10 record and a 4.91 ERA in 32 starts in 2004. He’ll join a starting rotation that already boasts CC Sabathia, A.J. Burnett and Andy Pettite.

Braves fans were probably expecting more in return for Vazquez than Carbera, but the 25-year old has plenty of promise. He hit .274 last season with 13 home runs, 28 doubles and 68 RBI in 485 at-bats. He’ll take over the starting left field position in Atlanta and might see a boost in his offensive production switching the National League.

The question now is what will the Yankees do with their outfield? They acquired Curtis Granderson to play center, but traded away Cabrera, lost Hideki Matsui to free agency and thus far, have shown little interest in bringing back Johnny Damon. If they don’t re-sign Xavier Nady, then the Bombers will be left with Granderson and Nick Swisher as regulars, but who will play left?

I’m wondering if this was a precursor to the Yankees making a strong bid for Matt Holliday or Jason Bay.

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At least, this according to WEEI.com:

Speaking at an event to honor Red Sox principal owner John Henry, who received the Woodrow Wilson Award for corporate sponsorship, team president/CEO Larry Lucchino expressed his organization’s desire to re-sign Jason Bay.

“Very much so,” Lucchino said when asked if the Red Sox wanted the outfielder back. “We’d love to have him back. He’s in many ways the personification of a player we want here.”

The Red Sox’ exclusive period to negotiate with Bay runs out at midnight Thursday.

Bay will draw plenty of interest on the open market, but the Red Sox certainly have the cash to re-sign him. It just depends on whether or not a more lucrative offer comes along and Bay bites on it. (Translation: It just depends on whether or not Bay wants to go the way of CC Sabathia and Mark Teixeira and play for the Yankees next season.)

What will be interesting is whether or not he heads back to the NL on his own accord. He has proven that he can produce in either league, but usually hitters want to play in the NL because of the weaker pitching. Any number of teams could use Bay’s services, but it’ll all depend on which team will open up its wallet and which ones he feels gives him an opportunity to win.

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