FOX Sports' Ken Rosenthal reports that Lance Berkman is considering retiring and forfeiting the remainder of his salary.

Berkman is dealing with nagging soreness in his right knee and isn't close to returning to game action. The 37-year-old is scheduled to meet with team officials on Wednesday, so a decision could be made soon. If he walks away, he would give up about $4.4 million.

Lance Berkman reiterated Tuesday that he's considering shutting it down for the rest of the season or retiring due to nagging soreness in his surgically-repaired right knee.

"You've got to fish or cut bait and I think we're getting to that point rather quickly," Berkman said. Berkman took batting practice Tuesday and hopes to do so again Wednesday, but his bat isn't close to major league ready at the moment. "Running is the main thing right now and I think mechanically my swing isn't in a good place because of my knee, not because of pain, but because of the inability to put it in a position it needs to be to hit with any kind of authority," Berkman said. "You can go up there and slap the ball around. That's really not what we need."

Lance Berkman felt lingering pain in his surgically-repaired right knee Tuesday while jogging.

The veteran slugger seems likely to shut it down for good at some point in the near future. He was batting .254/.355/.377 in 68 games this year for the Rangers.

Lance Berkman admitted Wednesday that he's considered retirement due to nagging soreness in his surgically-repaired right knee.

Lance Berkman (hip) admitted Wednesday that he's "probably still not quite ready" to return to the lineup.

In addition to his hip ailment, Berkman also has chronic soreness in his right knee, which he has had operated on four times. He is taking batting practice but has yet to do any real running. "He's progressing, but it's slow," Rangers manager Ron Washington said. "We just have to let it go through the process. He'll let us know when he's ready."

Lance Berkman (hip) took batting practice Monday.

It's the first time he's done so since landing on the disabled list with left hip inflammation. Berkman said he felt better while swinging from the left side of the plate but overall things went well. He's not interested in going out on a rehab assignment, so it appears that he could be activated pretty soon. "Just whenever I can do the things pain free is the goal," Berkman said.

Lance Berkman (hip) could be cleared to take live batting practice Monday.

Berkman resumed hitting activities Friday and is close to being sent on a rehab assignment. Assuming he avoids setbacks, he could rejoin the Rangers' lineup next weekend.

Lance Berkman (hip) hit in the batting cages on Friday, the first time he has been able to do so since being placed on the disabled list.

While he's eligible to be activated from the disabled list on Monday, he'll first need a minor league rehab assignment. If all goes well, he could rejoin the Rangers' lineup next weekend. He'll return to a disappointing .254/.355/.377 line with six homers and 34 RBI through 68 games.

Lance Berkman (hip) didn't participate in the Rangers' team workout on Thursday.

Berkman said last week that he expected to be activated on July 22, the first day he's eligible, but that doesn't seem likely. T.R. Sullivan of MLB.com writes that there is "no indication" when the designated hitter might be ready to return.

Lance Berkman (hip) believes he'll be activated from the disabled list on July 22, the first day he's eligible.

Berkman said this despite admitting Thursday that he's felt no noticeable improvement in his inflamed left hip. The designated hitter has been on the DL since last Saturday, when he injured himself lunging for first base. He'll obviously need to experience some improvement soon in order to return in just over a week.

Rangers placed DH Lance Berkman on the 15-day disabled list with left hip inflammation.

Berkman hurt himself when he lunged for first base while beating out a double play on Saturday. He's also dealt with a right knee injury recently, so he'll be allowed to rest both ailments at least through the All-Star break. Berkman's absence figures to benefit Jurickson Profar the most, though the Rangers could also decide to give Manny Ramirez a look eventually.

Lance Berkman (knee) could need a stint on the disabled list.

Berkman returned to play the last four games, but he's sitting out Sunday and admits that his right knee is still really sore. The Rangers would probably be best served having him rest through the All-Star break. It's not clear when they'll make a decision on his status.

Lance Berkman is not in the Rangers' lineup Sunday.

Berkman has dealt with a sore right knee recently, but this just appears to be a day of rest. Mitch Moreland is also sitting out, as Adrian Beltre is at DH Sunday, Jurickson Profar is at third and Robinson Chirinos is at first.

Lance Bekrman (knee) is in the Rangers' starting lineup on Wednesday evening against the Mariners.

It'll be his first taste of action since June 26. Berkman is likely to have knee troubles all season -- which is partly why the Rangers just signed Manny Ramirez.

Lance Berkman (knee) is shooting to return to the lineup on Wednesday.

Berkman took batting practice Tuesday and reported improvement with his right knee. "We'll give it another day," Berkman said. The designated hitter hasn't played in nearly a week after tweaking his knee when he slipped down a flight of stairs exiting the team plane.

Lance Berkman (knee) is out of the Rangers' starting lineup again on Tuesday against the Mariners.

Berkman hasn't placed since last Wednesday because of right knee discomfort. He's still considered day-to-day.

Lance Berkman (knee) is not in the Rangers' lineup Sunday.

Berkman's right knee is still giving him issues, as he's now sat out eight of the last 10 games. It's not clear when he'll be back in the lineup. Nelson Cruz is in the DH spot Sunday.

Lance Berkman (knee) is not in Saturday's lineup.

Berkman is still day-to-day with right knee soreness. Ian Kinsler will serve as the Rangers' designated hitter, while Jurickson Profar is starting at second base.

Lance Berkman is out of Friday's lineup against the Reds due to a sore right knee.

Berkman is available off the bench, so it doesn't sound too serious, but he has a long history of knee issues. Elvis Andrus will serve as the DH on Friday while Jurickson Profar plays shortstop.

Lance Berkman is not in Friday's lineup against the Cardinals.

Berkman had a cortisone shot on Thursday, but said he's available for pinch-hit duties. The Rangers haven't ruled out him playing at first base during this weekend's series in St. Louis.