Evan Grant of the Dallas Morning News posts that the Rangers have settled with closer Frank Francisco on a one-year deal worth $3.265 million to avoid salary arbitration.
Francisco had sought $3.6 million from the club, compared to the Rangers' counter of $3 million. The deal falls $35,000 below the midpoint. His new deal marks a 102.2% raise over 2009 when he made $1.615 million. This is his second year of arbitration eligibility.
Handling the majority of save situations from the start of the year, Francisco locked down 25 games for the resurgent Rangers. He's had back to back excellent years out of the pen for Texas and looks to continue that run in 2010. Setting him up and spelling him will be C.J. Wilson from whom Francisco wrested the mantle of closer. Their combined efforts were key to Texas' success and will be int he coming year.
Francisco's signing reduces the number of players whose cases are pending to 24. The Rangers have one last pending case with an arbitration eligible player. They will have until hearings begin in February to sign Scott Feldman. Please visit the salary arbitration figures page for more information.
Joe Tetreault is a member of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey.
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