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Angel Offer Bonilla Rich Five-Year Deal : Baseball: According to a source, contract is close to $30 million. Phillies are next at $25 million.

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TIMES STAFF WRITER

The Angels’ five-year, guaranteed offer to free agent Bobby Bonilla matches the top offer the outfielder has received, a source close to the negotiations said Tuesday, placing the sum at close to $30 million.

Published reports have stated the Phillies’ offer as $25 million for five years, the Mets’ bid at $24.5 million and the Pirates’ bid at $22.5 million. The Angels were rumored to have offered $27.5 million.

However, Dennis Gilbert, Bonilla’s agent, on Tuesday repeated his declaration of last week, when he said rumors have understated the value of the offers. He would not disclose the actual amounts of the offers.

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High as they are, the stakes could go higher. The Mets, who reserve the right to make a counteroffer after making their proposal, are expected to talk to Gilbert again today; the Cubs are expected to present an offer today, and Gilbert plans to meet with White Sox Chairman Jerry Reinsdorf in Arizona during the Thanksgiving weekend.

“The White Sox are very much a part of the whole thing,” Gilbert said.

He added, “We want to get this thing wrapped up after the weekend.”

Angel President Richard Brown said he did not ask what other teams had offered when the Angels formulated their bid. He also said that if Bonilla’s price increases, “there’s no way we can afford (Wally) Joyner and Bonilla.”

If the Angels do stretch their budget to re-sign Joyner and sign Bonilla, it’s likely they will cease negotiations with free agents Dick Schofield and Kirk McCaskill and instead fill their positions with younger players who can be paid relatively low salaries. Schofield was paid $1.4 million in 1991 and McCaskill received $2.1 million.

“We decided on an amount we thought was within the range Bonilla was worth,” Brown said. “With the offer on the table, what we can afford to do with Bobby Bonilla and Wally Joyner depends on how it’s structured. If the offer is structured the way we want it to be, yes, we’ll be able to afford both, but that will fit into the grand scheme of things. We have a strategy and economic plan that will put us in the black because we can’t afford to keep losing money like we did this year.

“If you overload on one side (by signing high-priced free agents), you have to underload on the other side. It’s conceivable we can sign both, but some ideas we had will have to be scrapped.”

Angel Executive Vice President Jackie Autry said Monday the club projected a loss of $3.25 million for 1991 and said if Bonilla’s price reached $25 million to $30 million the club “probably won’t be able to do both,” meaning sign Bonilla and Joyner.

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One of Joyner’s representatives, Barry Axelrod, said Tuesday he continues to talk with the Angels but no agreement is imminent.

“In most negotiations, you get closer and closer with every conversation,” Axelrod said. “Every detail, you go back and re-think things. This thing is less of a continuum than a roller-coaster ride. We think we’re getting closer, then something comes up and we’re not . . . By no means do I feel certain it’s about to get done.”

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