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Rangers, Derek Holland Nearing Contract Extension

According to Evan Grant of the Dallas Morning News, the Texas Rangers are close to signing lefty Derek Holland to a contract extension that would lock him up through the 2016 season, at the least. The first year of a possible contract extension would essentially replace the one-year deal he signed weeks ago.

Holland, 25, is arbitration eligible from 2013 to 2015, and is set to hit free agency thereafter.