ATLANTA -- Tom Glavine's negotiations with the Braves are moving quickly, and the two parties could reach an agreement as early as Sunday.

"I think it's a pretty good chance" it will be finalized Sunday, agent Gregg Clifton told the Atlanta Journal-Constitution late Saturday. "We made a lot of progress, and we're going to speak again in the morning."

Even if an agreement was reached at any point this weekend, the Braves have planned to delay the formal announcement until at least Monday. The Braves presented their first offer on Friday afternoon and Glavine's agent provided a counteroffer a few hours later. At that time, Clifton said the two parties weren't far apart.

It's believed the two parties will agree on a one-year deal worth approximately $8 million.