UPDATE, 12-5-07 at 6:16pm: Jeff Blair says the Jays’ offer on the table is Rios for Lincecum, straight up.

UPDATE, 12-5-07 at 12:34pm: Brian Sabean wants more than just Rios for Lincecum (yes, the Jays prefer Lincecum based on service time). The Giants want an improved proposal from the Jays, and Toronto could add Robinzon Diaz, Curtis Thigpen, or Brett Cecil. Cecil would have to be a player to be named later since he was drafted in 2007. He signed on June 22nd, so he can’t even be named as a PTBNL until December 22nd.

UPDATE, 12-5-07 at 10:56am: Peter Gammons via Amy Nelson is saying it’s Lincecum for Rios currently rather than Cain.

UPDATE, 12-5-07 at 10:10am: Ken Rosenthal has some more details on these talks. He says the Jays won’t add pitching to their side of the deal. Additionally, they don’t want to move A.J. Burnett. The Jays have a potentially elite rotation for 2008 if they can get Lincecum for Rios.

FROM 12-4-07 at 10:46pm:

The San Francisco Chronicle’s John Shea verifies that the interesting proposal Brian Sabean referred to involved the Jays’ Alex Rios. The Jays want to swap him for Matt Cain. The Jays prefer Cain to Tim Lincecum, as they worry Lincecum might have durability issues.

It almost sounds like Lincecum alone wouldn’t get the Giants Rios, which is surprising. Jays GM J.P. Ricciardi is serious about trading Rios; he laid out to reporters what the Jays’ outfield would look like without him. By the way, the Giants have no interest in taking Troy Glaus in a deal. For their third base vacancy, the Giants are looking at Brandon Inge.

Meanwhile MLB.com’s Chris Haft believes the Jays want Lincecum for Rios. John, Chris – just talk to each other and sort this thing out.