The contract that Manny Ramirez is seeking may be too expensive for the Dodgers or Giants, ESPN.com reported on Tuesday night.

The Web site, citing an unnamed source, said Scott Boras, Ramirez's agent, is still seeking a four-to-five year contract in the $25 million a year range.

Rumors that the 36-year-old Ramirez, might go to the Giants are "unfounded" and "baloney."

"If a million things came together over the next few weeks, would it be possible? Maybe," the source told ESPN.com. "But for where [Boras] is right now and where the team is right now, it doesn't make sense economically and it doesn't make sense for how the team fits together."

The Giants, after signing left-hander Randy Johnson to a one-year deal worth $8 million with another $5 million in incentives, already have a payroll in the $90 million range, $13 million higher than 2008. The source said that the Giants interest in third baseman Joe Crede, another Boras client have been "exaggerated."

Giants general manager Brian Sabean told XM Radio that he's still mulling over the prospects of signing Manny.

"In our case I'm not sure yet," he said. "We're monitoring the situation. We've had talks. We have not made an offer. It's actually not what we're looking for, except that he's such a profound middle-of-the-order hitter. Which we need."

As far as the Dodgers are concerned, after GM Ned Colletti chatted with Boras last week the continued high asking price of re-signing Ramirez has made them turn to possibly signing a reliever such as Trevor Hoffman.

An offer Colletti extended to Ramirez worth $45 million over two years, was taken off the table in early November when Boras didn't respond to it.

In 53 games with Los Angeles last season, Ramirez batted .396 with 17 homers and 53 RBIs as the Dodgers drew 3.7 million fans, second in the NL only to the Mets. In eight postseason games, Ramirez batted .520 (13-for-25) with four homers and 10 RBIs.