8:52pm: Scott Boras slipped in a dig at the Dodgers' offer, stating that he will begin taking "serious" offers for Ramirez on Friday.
10:27am: Dylan Hernandez of the L.A. Times has the details on the Dodgers' initial offer to Manny Ramirez, which expires tomorrow. Ramirez would earn $15MM in '09, $22.5MM in '10, and have a $22.5MM option for '11 with a $7.5MM buyout. $45MM guaranteed over two years isn't going to cut it, of course.
Hernandez says the Dodgers will stay involved after Ramirez hits the open market, and may be willing to guarantee a third year. Just a guess, but I think it'll take four years. It doesn't sound like Ned Colletti will necessarily acquire another outfielder if he fails to sign Ramirez.
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