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Veteran infielder Nomar Garciaparra also reportedly came to terms on a one-year deal, though neither signing had been completed.
Left-handed reliever Dennys Reyes remained a target for the A's, too, according to the San Francisco Chronicle.
Garciaparra had been considering retirement, but if he joins the A's, he would handle backup duties at third and first base, a spot held by Jack Hannahan.
Hannahan hit a major league low .218 last year and he's left-handed, while Garciaparra would provide the A's a right-handed bat off the bench. He hit .339 against left-handers last year.
Cabrera lowered his salary demands significantly, from $9 million-plus, according to the San Francisco Chronicle.
Bobby Crosby, all but given up on as Oakland's shortstop, hit a home run in his first at-bat of the spring after having worked with Mark McGwire much of the offseason.
Reyes would provide the A's a veteran left-hander in the bullpen. Jerry Blevins, a second-year player, is the only returning left-handed reliever.
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