3:46pm: Jon Heyman of SI.com tweets that the Rangers are in "serious talks" with Vlad about a deal that would be worth about $5MM plus incentives.
1:52pm: MLB.com's T.R. Sullivan reports that the Rangers have offered Guerrero a contract. However, Sullivan's sources indicate that it wasn't close to $7MM. Interestingly, Sullivan hears from executives who haven't heard Guerrero's name connected with any other team.
The Rangers have expressed interest in Jim Thome, according to Sullivan.
11:20am: Richard Durrett of ESPN.com hears that though the Rangers have been in regular contact with Vlad's representatives, the two sides haven't made progress towards a deal. Guerrero still wants a two-year contract.
10:50am: Yahoo's Tim Brown hears that the Rangers haven't made any official offers to DH candidates.
9:30am: Jon Heyman of SI.com tweets that the Rangers offered about $5MM.
FRIDAY, 9:10am: Anthony Andro of the Fort Worth Star-Telegram hears from a team source that the Rangers did not offer Vlad $7MM.
THURSDAY, 4:01pm: A source tells ESPN.com's Jerry Crasnick that the Rangers aren't likely to commit more than $5MM to Vlad.
3:00pm: Sullivan hears that Vlad isn't particularly happy with the Rangers' offer, though he hasn't seen a better one from any other team.
1:47pm: The Rangers have offered Vladimir Guerrero a one-year deal worth $7MM, according to this tweet from Enrique Rojas of ESPN Deportes (Hat Tip: Jorge Arangure Jr.'s Twitter). We've heard about the Rangers' potential interest in Vlad for months now and T.R. Sullivan reported yesterday that the Rangers are very much interested in the 2004 AL MVP.
Vlad hit .295/.334/.460 last year for the Angels and made $15MM. He's in line for a pay-cut this offseason because of his fading power (32 extra base hits last year) and questionable defense (consistently weak, according to UZR/150). Vlad is one of the best hitters of his generation, but the surplus of DH-types probably means he won't see offers much better than this.