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Neftali Feliz elects free agency

The right-hander will hit the open market after being designated for assignment by the Rangers.

Jerome Miron-USA TODAY Sports

Rangers' reliever Neftali Feliz has decided to reject his outright assignment and become a free agent, according to a baseball source. The reliever cleared waivers after being designated for assignment earlier in the year.

Feliz, 27, has dealt with multiple injuries since emerging as one of the best closers in the American League during the Rangers' World Series run in 2010. The former Rookie of the Year has a career 2.69 ERA while notching 93 saves, though struggles this year (4.58 ERA in 18 games) and the emergence of other bullpen options for the Rangers led to the sides parting ways.

Feliz should draw significant interest on the trade market due to his youth and upside, especially with plenty of teams looking for bullpen help this time of year as the trade deadline approaches. Though no teams are confirmed as being interested at this point, clubs known to be looking for bullpen help include the Blue Jays, Rockies, Tigers, Twins, and many others.

Feliz is one of a few veteran relievers who were designated within the last week, joining Brandon League, Joba Chamberlain and Jason Frasor on the market. The high level of interest in Feliz may lead to him receiving an immediate major-league deal.