The first big move of the winter meetings has just gone down, with Jayson Werth agreeing to a (get this) seven year contract worth $126M with the Washington Nationals. Yes, the Nationals. That works out to exactly $18M per season. Clearly, the market is rather inflated right now, so any idea of a five year contract for Cliff Lee probably went out the window. The bidding starts at six.
Update (5:14 p.m.): Joel Sherman tweets that the Red Sox offered Werth four years. Today has, so far, not been a great day for the Bostonians.