6:46pm: The Nippon Ham Fighters are expected to accept a posting price on Darvish just before Tuesday's deadline, tweets Danny Knobler of CBSSports.com.

2:14pm: There are strong signs the Blue Jays and Rangers made serious bids, according to Jon Heyman of CBSSports.com (on Twitter).

9:43am: There's "buzz" that Toronto had a "whopper of an offer," according to Evan Grant of the Dallas Morning News (on Twitter). Grant suggests the Rangers bid in the $40-49MM range.

THURSDAY, 7:44am: The Cubs placed a bid on Darvish, according to Phil Rogers of the Chicago Tribune. The Rangers and Blue Jays placed bids, according to Jim Bowden of MLB Network Radio (on Twitter).

WEDNESDAY: The posting system is far from transparent to begin with and tonight’s barrage of tweets, articles and blog posts probably didn’t make it any easier for fans to decipher. If you’d rather skip our lengthy summary of the most recent Yu Darvish rumors and read on to the essentials, you’re in the right place.

The identity of the team that won exclusive negotiating rights with Darvish remains unknown, but here’s what we do know. The deadline for teams to bid for negotiating rights with Darvish via the posting system passed earlier this evening. The Nippon Ham Fighters plan to accept the top bid — and it’s reportedly “sky-high.” Nippon Ham, which doesn't know the identity of the MLB team that won the bidding, has until 4pm CDT on December 20th to accept or reject the high bid.

The Yankees are the one team that’s known to have placed a bid on the 25-year-old right-hander. Conversely, the Giants, Athletics, Marlins, Mets, Rays, Angels, Twins, Red Sox and Orioles are out of the mix for Darvish, according to tonight’s reports.

Darvish posted a 1.44 ERA with 10.7 K/9 and 1.4 BB/9 in 232 innings this past season and he hasn't posted an ERA above 2.00 since 2007. MLB agents suggested to MLBTR’s Tim Dierkes that it will cost at least $100MM to lock Darvish up, including the posting fee and contract.