According to Thomas Boswell at the Washington Post, the Nationals have formally made their offer to no. 1 pick Stephen Strasburg, and it's been on the table for some time. As expected, the offer is "record-setting" in that it surpasses Mark Prior's $10.5MM bonus from 2001, and a source seems to indicate to Boswell that the offer is at least "twice as much" as the top bonus awarded last year, which was $6MM.
This is the first official word that the Nationals have a contract on the table, but it's all but certain negotiations will still last until the final minutes of the August 17 deadline. After examining the pattern of offers that the Nationals made to top free agent Mark Teixeira last year, Boswell projects that the current figures are somewhere between $14MM and $16MM. It's likely going to take much more to sway Strasburg and Scott Boras. Stay tuned to MLBTR as the saga continues to unfold before Monday.