It looks like the Phillies have turned Baseball on its ear. As of now, Jon Heyman(SI.com) and Jack Curry(YES Network) are both reporting that the Phillies have been confirmed as the third mystery team and the possible winners of the Cliff Lee sweepstakes. It is believed that the Phillies' offer is significantly less than the Yankees but Lee is said to have loved his brief time in Philadelphia and likes the idea of going back.
The deal could be announced as early as tomorrow morning. If the deal is made, it will give the Phillies the most lethal pitching staff in Baseball, hands down. It will also leave the Yankees in a great deal of trouble considering the lack of options on the free agent market.
If these reports are correct, this would be a fitting ending to bizarre "soap opera like" negotiation.