Gonzalez deal may be in limbo

The 2 p.m. deadline for the Red Sox and Adrian Gonzalez to negotiate a contract extension has come and gone with no word on the outcome yet. But that in itself really doesn't mean much.

The Red Sox could still finalize the trade with the Padres without a contract extension in place for Gonzalez. But presumably the sides would have to be close. It also could benefit the Red Sox in terms of the luxury tax (at least for 2011) to sign an extension after Opening Day. According to reports, Gonzalez is seeking a deal similar to the eight-year, $180 million contract Mark Teixeira signed with the Yankees two years ago.

If the Sox determine there's no way they'd be able to satisfy Gonzalez and his agent, they could call the whole thing off.

And, of course, the deadline is for the negotiations, not an announcement by the team.

We'll keep you posted.

UPDATE: As of 3:30, a range of reports had emerged, with Jon Heyman of SI.com saying the trade is off. But nothing has been confirmed, leaving things in limbo for now. Rest assured, we're on the case.

UPDATE The San Diego Tribune quoted Gonzalez’s agent later Sunday afternoon as saying the sides were still meeting.

The Red Sox and the three-time National League All-Star first baseman were unable to reach an agreement on a contract extension before the 24-hour negotiating deadline expired at 11 a.m. (San Diego time) Sunday.

"There is not a contract agreement," John Boggs, Gonzalez's agent, said Sunday afternoon. "I'm right in the middle of a meeting right now, I'll get back to you. We're still working."