The Orioles signed Vladimir Guerrero to a one-year, the team announced. The SFX client will earn $8MM in total: $5MM this year and $3MM in deferred payments, according to Jeff Zrebiec of the Baltimore Sun (Twitter links). Zrebiec reports that Guerrero will get the $3MM several years from now.
It had been reported that the slugger was seeking a deal in the $8MM range while the O's were offering just $4.5MM for 2011. President of baseball operations Andy MacPhail appeared to be willing to let Guerrero go elsewhere, but it seems that the front office had a change of heart. Guerrero is the latest move for the O's, who signed Derrek Lee, Kevin Gregg, and Justin Duchscherer and traded for Mark Reynolds this offseason.
In 2010, the veteran belted 29 homers while hitting .300/.345/.496 in 152 games for the Rangers. Texas had some interest in retaining Guerrero last month but with Michael Young and Mike Napoli in the fold there wasn't a need for the nine-time All-Star.
Enrique Rojas of ESPNDeportes.com first reported the agreement.