TODAY, 7:59am: Miller is expected to make a decision today or tomorrow, an executive who had been involved with the bidding tells Sherman (Twitter link).

YESTERDAY, 10:00pm: The Astros appear unlikely to land Miller, Evan Drellich of the Houston Chronicle reports.

9:40pm: New York appears to be willing to give Miller a fourth year, Heyman adds on Twitter.

8:08pm: The Yankees appear to be one of two or three finalists, Heyman writes. He says that the Dodgers seem to be back in the pack now, while the Astros remain a “possible threat.” The Red Sox, meanwhile, “seem to be out on Miller at the moment,” according to Heyman.

2:25pm: Joel Sherman of the New York Post tweets that the Yankees do have serious interest in Miller, but their stance is much the same as it is regarding David Robertson: they’ll give three guaranteed years but are hesitant to lock in the fourth season.

1:38pm: Andrew Miller is moving closer to a contract that will guarantee him close to $40MM over a four-year term, reports Jon Heyman of CBS Sports, and the Yankees and Dodgers are two of the teams in play. Heyman writes that the Red Sox appear to be out of the bidding at this point, and Miller could reach an agreement within the next 48 hours.

Ken Rosenthal of FOX Sports recently indicated that the Red Sox are still showing strong interest, and he also listed the Astros as a club with serious interest. The 29-year-old Miller is coming off an elite season in which he posted a combined 2.02 ERA with 14.9 K/9 and 2.5 BB/9 in 62 1/3 regular season innings between the Red Sox and Orioles. He added 7 1/3 scoreless frames with an 8-to-1 K/BB ratio in the postseason as well.

The proposed figures would shatter the record for a non-closing reliever. Scott Linebrink previously signed a four-year, $19MM with the White Sox, which stands out as the largest guarantee. Tim Dierkes made a fairly aggressive four-year, $32MM projection back in late October, and it seems that Miller is poised to top that number.