Slugger Yoenis Cespedes would look pretty good in the Orioles outfield, which would appear to add credibility to speculation that the team is a leading candidate to sign him to a giant free-agent contract.
Of course, this is the time of year when the Orioles show up in a ton of free-agent speculation, because they generally don't sign any free agents early in the process and are perceived to have a lot of money to spend.
Maybe they do, but it's not fair to assume that if they fail to sign Chris Davis, that $150 million or so they've offered him will be sitting on Dan Duquette's desk in case somebody else shows up to claim it. It's far more likely that the Davis money has been approved only for Davis and isn't penciled into next year's payroll budget unless he accepts it. At least, that was the word on the street a couple of weeks ago.
The Orioles appear much more likely to pursue someone like Pedro Alvarez, who's a 25-homer guy who bats left-handed and would command substantially less than Cespedes, though he is represented by agent Scott Boras. The Orioles also would appear to be more interested in Alex Gordon, but they are not alone. He could command a four- or five-year deal worth $15 million per year or more.
Alvarez was a Vanderbilt teammate of Ryan Flaherty, and could fill the designated hitter role as well as play some first base for the Orioles. But trying to make a deal with him would be awkward as long as Boras is still trying to negotiate a deal for Davis with the Orioles.