UPDATE, 1-16-08 at 10:39pm: ESPN's Jerry Crasnick reports that the Rangers have reached an agreement with Jennings for one year and $4MM. Another $4MM is possible in incentives. I like the price, and I wonder if this was one of those hometown discount situations.
FROM 1-11-08 at 12:09am:
According to Evan Grant of the Dallas Morning News, the Rangers "appear to be closing in on" a deal with Jason Jennings. Grant says the last hurdle before a deal is struck with the 29 year-old might be a physical. Terms are not yet known. The Dallas native earned $5.5MM in 2007.
Jennings had surgery in late August to repair a torn flexor tendon in his elbow. He expects to be throwing by March 1st.
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