Rosenthal estimates that the offer falls in the $3 million to $5 million range.
If this is true, the offer must have come this week, because the two sides hadn't been in negotiations.
The Orioles always left open the possibility of signing Guerrero, but only at a discount price. Guerrero has sought a multi-year deal, but he can forget it. And he's not getting $8 million.
It wouldn't surprise me if one of his old teams, the Angels, jump back into the bidding, but the Orioles are the most logical fit. That's why there's been so much speculation about them, with people in the media making the assumption that he's headed here.
Guerrero's got to play somewhere in 2011. Camden Yards must be looking better to him with each passing day.