5:09pm: The deal is for five years and $85MM and has a sixth-year vesting option that could boost the contract's value to $100MM, Ken Rosenthal of FOX Sports tweets. The deal is simply pending a physical, Rosenthal adds in a second tweet.

4:51pm: The deal could be worth close to $90MM, if not more, tweets Evan Grant of the Dallas Morning News.

4:41pm: McCann is closing in on a five-year, $80MM+ deal with the Yankees, tweets Ken Rosenthal of FOX Sports. Two other sources tell Rosenthal (Twitter link) that the Rockies made a late, strong run at McCann.

4:13pm: Brian McCann is on the verge of a long-term deal with the Yankees, two sources tell Evan Grant of the Dallas Morning News. McCann’s agent, B.B. Abbott, told Grant that he could not confirm that his client had agreed to terms with any team.

McCann, soon-to-be 30, is also said to be on the radar for the Red Sox and Rangers this offseason. The veteran hit .256/.336/.461 in 102 games for the Braves last season and has been widely regarded as this winter's top free agent catcher over Boston's Jarrod Saltalamacchia. The backstop ranks fourth on Tim Dierkes' Top 50 Free Agents List for this offseason.