2:48pm: Dan Connolly of the Baltimore Sun tweets that the Orioles have not made a two-year, $12MM offer to Gregg and they don't feel a deal is imminent. They've still got a two-year offer in the $8-10MM range on the table.
2:44pm: The Orioles are close to a two-year, $12MM deal with reliever Kevin Gregg, reports ESPN's Joe McDonald. He notes that the Red Sox and Nationals are still involved in talks with Gregg, but the Orioles are the frontrunner.
The potential Baltimore deal is the same as the one they struck with Mike Gonzalez a year ago, and I think they'll have similar regrets in overpaying for saves again. Gregg, 32, posted a 3.51 ERA, 8.8 K/9, 4.6 BB/9, 0.6 HR/9, and 42.3% groundball rate in 59 innings this year. He saved 37 games in 43 tries, an improvement on his 76-77% success rate of the previous two years.