JULY 2, 12:54PM: The deal is actually worth $3.5MM, tweets Melissa Segura of Sports Illustrated.
12:12PM: The Rangers aren't finished signing big-time international free agents. The club has agreed to terms with Dominican outfielder Ronald Guzman, according to Dionisio Soldevila of the Associated Press (via Twitter, en Espanol). The deal is reportedly worth $3.3MM.
Guzman stands at 6-foot-4 and weighs in at 195 pounds. The 16-year-old throws and hits left-handed and projects to left field because of his below-average arm and speed.
Some believed that Guzman could command the biggest payday of any international free agent today, but his $3.3MM deal was trumped by Nomar Mazara's deal earlier today. Mazara will reportedly earn more than $5MM.
Enrique Rojas of ESPNDeportes.com (via Twitter, in Spanish) first reported that the Rangers were close to a deal with Guzman.