7:22pm: The Twins haven't made any offers to Nolasco, according to 1500 ESPN's Darren Wolfson (via Twitter). The Giants have talked to Sosnick "in passing" about Nolasco but are "not really interested" since they aren't willing to give him four years, Henry Schulman of the San Francisco Chronicle reports (Twitter links).
4:34pm: Ricky Nolasco has received multiple three- and four-year offers, agent Matt Sosnick tells Jeff Passan of Yahoo Sports. Ken Rosenthal of FOX Sports also spoke to Sosnick, who told him that Nolasco has two four-year offers (Twitter link) but has had no talks with the Dodgers yet. ESPN's Buster Olney recently reported that Nolasco had at least one offer of three years from a team that showed a willingness to go to four years if necessary.
Passan quotes Sosnick: "I believe the market for multiple-year starting pitching will start to reveal itself more clearly in the next two to three weeks." As Passan points out, that timeline lines up well with next month's Winter Meetings in Orlando. Sosnick declined to get into specifics on the offers, but one league source of Passan's indicated that Nolasco could command somewhere between Edwin Jackson money ($52MM) and Derek Lowe money ($60MM). If the bidding for Nolasco gets to that point, I'd expect Nolasco to take the deal and sign. It seems reasonable to assume that the four-year offers they have in hand have yet to escalate to that level.
Nolasco, who turns 31 in a month, finished the season with a 3.70 ERA, 7.5 K/9, 2.1 BB/9 and a 43 percent ground-ball rate in 199 1/3 innings. That strikeout rate was the highest number he's posted since 2010, and the walk rate is right in line with the excellent marks he's posted throughout his career. As Olney reported, Nolasco's preference is to return to the Dodgers, but he's also drawn interest from the Twins to this point.