New York Mets owner Steve Cohen is ready to open up his wallet to acquire three-time Cy Young winner Max Scherzer.

The Mets have offered the 37-year-old more than $40 million per year, sources told SNY's Andy Martino. The length of a potential deal is unknown, but it could be for either three or four years.

Contract talks are ongoing and considered minute-to-minute, Martino adds. The winner of the Scherzer sweepstakes is expected to be determined by Monday at the latest, according to the New York Post's Joel Sherman.

Scherzer has also generated interest from the Los Angeles Dodgers, San Francisco Giants, and Los Angeles Angels. He posted a 15-4 record with a 2.46 ERA, 2.97 FIP, 0.86 WHIP, and 11.8 strikeouts per nine during an impressive 2021 campaign.

The hard-throwing hurler was also a perfect 7-0 with a 1.98 ERA in 11 starts for the Dodgers after they acquired him from the Washington Nationals at the trade deadline.

If the Mets manage to sign Scherzer, he'd give them a dominant duo atop their rotation alongside fellow Cy Young winner Jacob deGrom. As it stands, New York is also expected to use Carlos Carrasco and Taijuan Walker in the rotation.

The Mets have already been busy this winter, agreeing to multi-year deals with infielder Eduardo Escobar, as well as outfielders Starling Marte and Mark Canha, on Friday.