Mike Lowell accepting his World Series MVP - Getty Images

It’s going to be a busy week for the teams in MLB as the deadline looms on the exclusive negotiating period with their free agents. When the clock strikes midnight tonight, free agents can talk to any of the teams about a contract for next year and years to come.

So what does this mean for the Red Sox? It means that they better hope their contract offer of 3-years $36 million is good enough for Lowell or they risk the potential of losing him. I fully expect Red Sox general manager Theo Epstein to be burning up the phones of Lowell’s agents, the Levinson brothers, all day today.

It will be interesting to see what happens with other free agents like Alex Rodriguez, Jorge Posada, Mariano Rivera, Barry Bonds, Francisco Cordero and others.

There is a fantasy baseball impact on this as well as many of you out there participate in fantasy baseball leagues. Some of you participate in AL-only and NL-only leagues as well as mixed leagues. With some of this AL and NL-only leagues being keeper leagues, your hoping that your star free agent on your team doesn’t switch leagues. I’ve had this happen to me when Jim Thome was a free agent with the Indians. He ended up signing with the Phillies and it hurt my team for the following season.

Today also marks the start of the big four awards in MLB, the AL & NL Rookie of the Year, the AL & NL Cy Young, the AL & NL Manager of the Year and the AL & NL MVP’s. This is how the schedule breaks down this week and next.

Nov. 12: AL and NL Rookies of the Year
Nov. 13: AL Cy Young
Nov. 14: AL and NL Managers of the Year
Nov. 15: NL Cy Young
Nov. 19: AL MVP
Nov. 20: NL MVP

I will also be guest blogging today over at Crooked Pitch, hence the fantasy spin on this post.