Feb 27, 2009 9:42 AM EST

Manny Ramirez rejected a two-year, $45 million offer on Thursday, but the Dodgers are holding out hope that he'll agree to a deal by a set deadline of Friday afternoon.

The Dodgers have set a deadline of Friday noon pacific time.

Both the Dodgers and agent Scott Boras have been quoted as saying that negotiations will resume on Friday morning.

Via MLB.com