The Baltimore Orioles are interested in re-signing Nick Markakis, but are likely to decline his $17.5 million option.

The Orioles would have to pay a $2 million buyout on Markakis assuming they don't come to a long-term agreement in the interim.

Markakis hit .276/.342/.386 with 14 home runs and 50 RBIs in 710 plate appearances.