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Orioles not winner in bid for Korea's Byung-ho Park

The Orioles made a play for Korean slugger Byung-ho Park, but they were outbid, according to an industry source.

Park, 29, was posted by his Korean team, the Nexen Heroes, who on Friday accepted a $12.85 million bid from an unnamed Major League Baseball franchise.

That club has 30 days to agree to a contract with Park. If he does not sign during that period, he will not be able to play in the majors for at least a year. The bid-winning MLB team would not have to pay anything to the Heroes if Park doesn’t sign.