Although earlier this off-season the Orioles were thought to be open to signing both Dexter Fowler and Yovani Gallardo, the organization is still "weighing the value" of the picks it would lose by signing free agents who received qualifying offers, according to Eduardo Encina of The Baltimore Sun.
Gallardo and Fowler are thought to be among the best remaining free agents, but both received and subsequently rejected qualifying offers. Earlier this week, it appeared Baltimore was confident it would be able to sign both.
Our Chris Cotillo reported Gallardo and the Orioles were closing in on a three-year deal that would be worth more than $40 million. Baltimore reportedly is not interested in giving Fowler a deal worth more than $10 million per season over two seasons.
If the Orioles were to add both Gallardo and Fowler, they would be forced to surrender the No. 14 and No. 29 overall picks in the draft. Since there are other free agent options to consider, Baltimore does not yet appear set on losing multiple picks.
In their search for outfield depth, the Orioles, who were once thought to be interested in Yoenis Cespedes, could consider David Murphy and Will Venable, MASN's Roch Kubatko notes.
Venable, 33, did not have much success in 2015, batting .244/.320/.350 to complement six home runs and 33 RBIs. He is a career .251 hitter but would give the Orioles another left-handed bat to add to their lineup.
While Venable might not cost as much, Murphy could prove to be a more valuable option. Over 132 games last season, Murphy batted .283 to complement 10 home runs and 50 RBIs.
If the Orioles do not want to lose a pick by signing Gallardo, Tim Linecum could be an intriguing candidate to win a rotation spot, MLB.com's Brittany Ghiroli suggests. Ghiroli adds Baltimore has yet to see Lincecum, who pitched to a 4.13 ERA last season with the Giants, pitch.
There are other notable options if the Orioles do not want to lose any draft picks. But Fowler and Gallardo could still end up in Baltimore.