Free agent right-hander Frank Francisco is likely to accept the Rangers' offer of arbitration according to Ken Rosenthal of FOX Sports. As a Type-A free agent, a team would need to surrender a high draft pick to sign him, something many clubs won't be willing to do for a reliever.
To make matters worse, the 31-year-old Francisco missed the last month of the season (as well as Texas' playoff run) due to a strained rib cage. He's certainly a quality reliever, striking out 10.9 and walking just 2.9 batters unintentionally for every nine innings pitched over the last three seasons. He saved 25 games for the Rangers last season, but was usurped as closer by Rookie of the Year Neftali Feliz early in 2010.
I examined Francisco's free agent stock late last month, noting that he could accept arbitration and receive a $4MM or so salary in 2011 (he earned $3.265MM in 2010). Earlier today we learned that the Rangers have explored the idea of signing a closer and moving Feliz into the rotation, a move Francisco could help facilitate.