LAS VEGAS -- The Mets, Mariners and Indians appear to be on the verge of a three-team deal in which J.J. Putz would go to New York as the setup man to the newly acquired Francisco Rodriguez.

The particulars of the deal were still being worked out Wednesday night at the Bellagio, but MLB.com learned that if the deal goes through, the Mariners would receive Indians outfielder Franklin Gutierrez and the Indians would receive Mets right-handed reliever Joe Smith and Mariners infielder Luis Valbuena.

Mets right-hander Aaron Heilman and Mariners outfielder Jeremy Reed are also believed to be involved, though it was unclear who would be headed where.