According to Evan Grant, the Rangers are close to signing Adrian Beltre to a two-year extension.
"There is still work to be done on finishing a deal, but it appeared that the major obstacles had been cleared and a deal could be announced within days. Financial terms were not available, but he is expected to receive a raise off his average annual salary of $16 million. As with most free agent deals and extensions, the deal is expected to be subject to a physical exam."
While Bud Selig reportedly "ripped" the Rangers for Beltre's original contract (five-years, $80 million), he couldn't have been more wrong about Jon Daniels' decision to sign the (potential) future Hall of Famer.
Since signing with Texas, Beltre has posted a slash line of .309/.358/.515 with a wOBA of .373 and a wRC+ of 132. He's been worth 27.8 fWAR, and provided the Rangers with $125.3 million in surplus value (according to FanGraphs), and has been unequivocally fantastic. Beltre made it no secret that he wanted to stay in Texas beyond this season, and it now appears as if he'll get his wish.
As of now, the financial terms of the contract aren't yet known, but as Grant noted in his article, Beltre is expected to receive a raise from his AAV of $16 million, which means that the total value of his extension should be north of $32 million.
This story will be updated once more information is made available.