The Rangers and slugger Josh Hamilton decided they didn't want to have to deal with the possibility of another arbitration hearing this time next year, so both sides reached agreement on a two-year deal worth $24 million that includes the rest of Hamilton's arbitration years.
He gets a $3 million signing bonus, a $7.25 million salary this year and $13.75 million in 2012.
The Rangers have done this with a handful of players to avoid hearings and make deals both sides feel are fair in a multi-year package. But in many of those cases, the deal also included one of the free agent years too. That's not the case here.
The contract doesn't mean both sides can't continue to explore a longer-term deal. But it takes the pressure off having to do that right now. Hamilton can simply build his value for when he becomes a free agent and the club can be sure the slugger is able to stay healthy before venturing into even more years. It makes sense right now for both sides.