Indians pitcher Justin Masterson notified the team of his asking price during contract discussions this weekend and could be open to a three-year deal despite potentially being able to land a larger deal on the free-agent market, CBSSports.com baseball insider Jon Heyman reports.

The two sides aren't close to reaching an agreement on an extension, but the team is optimistic they could come to terms with Masterson before the end of spring training. He won't getting anything near the six-year, $105-million deal that Homer Bailey received from the Reds if he re-ups with Cleveland.