Update 16:50: Tim Brown of Yahoo Sports Tweets:  Beltre’s contract is for two years. He has right, however, to void the second year. The first year is worth $10 mil. More details to follow.

Update 16:23: Buster Olney of ESPN Tweets:  BOS offer to Beltre is probably in the range of $10 mill. to $10.5 mill. annually, and the offer is expected to include an opt-out clause.

Update 16:21: Tim Brown of Yahoo Sports Tweets:  Beltre has reached an agreement with Red Sox. Details to follow.

Update 16:05: Jon Heyman of SI Tweets:  adrian beltre is close to a deal with the #redsox, si.com has learned. story should be up soon.

Update 15:07: Ken Rosenthal Tweets:  Source: A’s “out” on Beltre: “Gave it best shot, but it’s over.”

Update 12:45pm: Gorden Edes of ESPNBoston.com Tweets:  Sox still very much in mix for Beltre, but Athletics and possibly Orioles and Angels also in the bidding, too

Update 12:26pm PST: Michael Silverman of The Boston Herald Tweets:  Source: #RedSox not a front-runner and not currently in mix at all for free agent 3B Adrian Beltre #bh_sports

11:41am PST: According to Jon Heyman of Sports Illustrated, he Tweets:  adrian beltre’s choosing between 3 teams. 1 is boston, another may be oakland. the 3rd? twins? cardinals? not positive.

It is believed that Beltre is looking for a five-year deal worth between $13-16 million, but the market has come down and the team that signs him may be able to get Beltre at a price lower than his demands.

Beltre, 30, hit 8 home runs, drove in 44 RBI’s and hit .265 in 111 games while making $13.4 million with the Seattle Mariners in 2009.

You can see the contract history and statistics of Adrian Beltre here.

You can see other Adrian Beltre rumors here.