Peter Schmuck of the Baltimore Sun reports the Orioles have agreed to terms on a $650,000 one-year deal with Jeremy Guthrie.
Guthrie earned $770,000 last year and has taken a pay cut on account of his salary being incommensurate with his service time. To contrast, Schmuck notes Nick Markakis made $455,000 in 2008 with similar service time.
