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Nate McLouth does not count as a big name. But there are still a few noteworthy free-agents that the Baltimore Orioles could go after, even though signing any would be unlikely.
If they are willing to spend the money, first-baseman Adam LaRoche is still an option. The Orioles have shown interest in the slugger, however it would be at a high price. Not only would LaRoche demand a lot of money, but according to Dan Connolly of the Baltimore Sun, it would also cost them their first round pick.
**Update** The Washington Nationals have agreed to terms with Adam LaRoche.
Other potential targets could be Michael Bourn and Justin Upton. Bourn's speed would fit nicely in the leadoff spot for the O's, while Upton's power could also help boost the Orioles' offense. However with the signing of Nate McLouth, the Orioles outfield is full and the Orioles haven't, and probably won't show any interest in signing Bourn, while talks with Upton haven't gone anywhere.
There are also a few pitchers the O's could target, including big names like Kyle Lohse and Shaun Marcum. However, according to Roch Kubatko of MASN, the Orioles have little interest in spending a lot of money for a free-agent pitcher, especially if they lose a draft pick due to compensation. Perhaps if they are unable to sign Joe Saunders, the O's may become more interested in a higher-priced starter.