The Rangers announced this afternoon that they had signed starting pitcher Scott Feldman to a three year contract worth $13.325 million. The deal includes an option year that would pay Feldman $9.2 million. Texas would be on the hook for $600,000 if they elected to not pick up the option.
Jeff Wilson of the Fort Worth Star-Telegram tweeted the specifics of the deal. Feldman will make the $2.425 million he and the club agreed to for 2010, followed by $4.4 million in 2011 and $6.5 million in 2012. The club notes that this is a new deal for 2010 and supersedes the one he signed on January 29th. The deal buys out the remainder of Texas' opening day starter's arbitration eligibility.
Feldman, 27, posted career best in starts, wins, innings pitched as well as hits allowed per 9 innings. His 17-8 record was best among the club's starters. He switched to starting in 2008 after primarily pitching in relief in his professional career. Teammate C.J. Wilson is undergoing a similar transformation this spring, converting from short relief to a starting role. The one knock on Feldman is that he doesn't miss many bats. His 5.4 strikeouts per 9 innings is considered dangerously low.
The contract is somewhat unexpected, because the Rangers are being sold to a group headed by Chuck Greenberg. Maury Brown has been following the sale closely, and while a resolution is not imminent, the new deal for Feldman is a positive sign first that a resolution is coming and secondly that the club will be able to make deals to benefit their on-field performance in the meantime.
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Joe Tetreault is Managing Editor 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. He can be contacted here through The Biz of Baseball
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