The Rangers have extended Scott Feldman through 2012, according to a team press release. The contract, which guarantees Feldman $13.925MM, includes a club option for 2013 and supersedes the $2.425MM deal the sides agreed to in January for the upcoming season.
Jeff Wilson of the Fort Worth Star-Telegram has the details (via Twitter): Feldman makes $2.425MM in 2010, $4.4MM in 2011 and $6.5MM in 2012. The Rangers can pick up a $9.2MM option up for 2013 or buy Feldman out for $600K.
Feldman, 27, was entering his first arbitration season, so the deal buys out all three of his arbitration years and gives the Rangers the option of retaining him for his first free agent season.
Feldman gets $13.325MM for his three arbitration years, which is less than Fausto Carmona ($13.75MM), Ian Snell ($14MM) or Ervin Santana (17.8MM) got for the same chunk of their careers. Those three pitchers recently signed extensions covering their arb years, too.