"My thought is that I still hope it gets done," Hardy told the newspaper. "I know my agent and [Orioles director of baseball operations] Matt Kelntak have been talking. I don't know exactly where they are at or what they are thinking. If it gets done or not before the trade deadline, I don't know what their thoughts are. But I still say I hope it gets done."
According to the Baltimore Sun, the two sides are working on a three-year extension worth between $7 million and $8.5 million a year. Hardy said he'd like to have at least a partial no-trade clause in his contract.
If the two sides don't agree, the free-agent-to-be could be dealt at the deadline. He'd certainly be a valuable piece to a contender -- his old division, the National League Central, is full of teams in dire need of an upgrade at shortstop.
If the Orioles keep him, he could either re-sign with the team or they could hope he qualifies as a Type A free agent, offer him arbitration and receive two draft picks. If he's resigned to a three-year deal, he'd likely hold that spot until the team's top prospect, 19-year-old shortstop Manny Machado, is ready to take over full-time.
For his part, Hardy says he'd like to stay in Baltimore.
"I see a pretty good lineup. I see a lot of pieces, like [Matt] Wieters, Adam Jones, [Nick] Markakis. If Brian Roberts can stay healthy, that's five pretty good guys that are filling up the field," Hardy said. "The pitchers, I feel like you see potential. Everyone sees potential. They are young, and another year under their belts will do wonders. … And I do believe Andy MacPhail, Buck [Showalter] and Peter [Angelos] are doing everything they possibly can to make this a winning team. That's something I have to believe and go from there."
In his first season with the Orioles, Hardy's hit .277/.336/.496 with 13 home runs -- already more than doubling his total in that category from last season in Minnesota.For more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter or subscribe to the RSS feed.