Guillen met with owner Jerry Reinsdorf for about 30 minutes earlier in the day. Guillen said he told Reinsdorf he would like to return, but only for a contract extension for more money. He had one year remaining on his current deal.
"We certainly cannot thank Ozzie enough for all he has done during his eight seasons as manager of the Chicago White Sox, highlighted by an unforgettable 2005 World Series championship," Reinsdorf said in a release issued by the team following its 4-3 victory over the Toronto Blue Jays.
"I personally appreciate everything he has done for this organization, our fans and the city of Chicago. We shared the greatest moments together and wish him nothing but future success in baseball and in life."
The White Sox said in the release they retain the right to compensation should Guillen accept a managerial position with another major league team for the 2012 season. Guillen, who recorded a 678-617 record during his eight seasons with the White Sox, will not be in uniform for the remaining two games this year.
The Florida Marlins talked to Chicago last year about acquiring the talkative Guillen, but the deal never materialized. They could bring him in now to lead the club into a new ballpark next season.
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