ST LOUIS, MO - OCTOBER 27: Nelson Cruz #17 of the Texas Rangers celebrates after hitting a solo home run in the seventh inning during Game Six of the MLB World Series against the St. Louis Cardinals at Busch Stadium on October 27, 2011 in St Louis, Missouri. (Photo by Ezra Shaw/Getty Images)
2:11 PM EST: Ken Rosenthal is saying the deal is worth $16 million - and Cruz has already passed his physical.
1:24 AM EST: The Texas Ranges and Nelson Cruz are coming close to signing a two-year deal, according to Evan Grand of the Dallas Morning News. The deal will allow both to avoid arbitration both this year and next. Grant notes that Cruz sought $7.5 million via arbitration while the Rangers offered just $5.5 million.
Extrapolating the difference over two years (math!) suggests the deal could land around $13 million.
Cruz, 31, is entering his 8th season, all of which have been with the Rangers. He's a career .270 / .330 / .504 hitter and has hit 20+ home runs over the past three seasons. Cruz has already generated almost 8 wins above replacement, mostly on the back of great 2009 and 2010 seasons.
Source: Rangers, Cruz close on two-year deal - Evan Grant | Dallas Morning News
"The 2-year deal with Cruz, who is seeking $7.5 million via arbitration, would allow the Rangers to avoid an arbitration hearing with him again next winter. The Rangers offered Cruz $5.5 million this year, making the midpoint between the two offers $6.5 million."
This is the disclaimer where I tell you to ignore that terrible play that cost the Rangers the World Series and instead focus on that career 500+ SLG.