"UPDATE: Nightengale reports that the Tigers have bumped their offer to Sanchez. The specifics of the new offer aren't yet clear, but it's beginning to look like the Cubs got used for leverage here. This baseball is a tough business.

6:59 PM: Bob Nightengale of USA Today reports that the Cubs thought they had a deal with Sanchez, but the Tigers are being given the last chance to match. They previously offered him a four-year deal.

6:12 PM: Not so fast. Sanchez's agent Gene Mato told CBS Sports' Jon Heyman that he's still talking to other teams. Meanwhile, Heyman hears that the Tigers remain "very much" in the mix to sign him.