According to Jeff Wilson of the Star-Telegram, the Rangers are expected to begin moving toward a long-term contract extension for Josh Hamilton and could have something done by the end of spring training. The Rangers have been discussing this for over a month.
For how much or how long remains to be seen. Hamilton has 3 years of arbitration remaining after this year before becoming eligible for free agency in 2012. Wilson thinks Texas will want to cover 2 years of free agency. The Rangers signed Ian Kinsler to a 5-year, $22MM deal in February 2008 so a five-to-six year deal similar to the Kinsler deal, or recent deals signed by Dustin Pedroia (6 years), Troy Tulowitzki (6 years), Evan Longoria (6 years), or Ryan Braun (8 years), could be expected for Hamilton.
T.R. Sullivan of MLB.com says the Rangers are expected to make a proposal to Hamilton's agent, Michael Moye, early this week.