Details keep O's, Palmeiro apart for now

December 12, 1993|By Peter Schmuck | Peter Schmuck,Staff Writer

The Orioles remain very close to signing free-agent first baseman Rafael Palmeiro, but a number of details have delayed the finalization of his five-year, $28 million contract.

Orioles managing general partner Peter Angelos and general manager Roland Hemond would not say exactly what is holding things up, but they indicated last night that the deal might not be struck until tomorrow.

Hemond, who has been tight-lipped about the negotiations, said last night that nothing had happened to endanger the deal but could not predict when he and agent Jim Bronner would work out their final differences.

"We're working together," Hemond said. "There is no problem, but I don't want to put a timetable on it because if we don't meet it, then people will think that something is wrong."

A source close to Palmeiro said the veteran first baseman is saying there are just a few minor details that need to be worked out.

Sources indicate that all of the major components of the deal are in place. It will guarantee Palmeiro about $30 million, but the present-day value will be closer to $28 million because a significant amount of money is deferred.

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