The Rangers and Ian Kinsler are working towards a five-year contract extension worth approximately $14MM per season, reports ESPN's Jim Bowden (on Twitter). The deal would exercise his $10MM option for 2013 and tack the additional five years on top of it. The total package would be six years and approximately $80MM.
Kinsler, 29, called the negotiations a "very confusing process" earlier today. The new extension would eclipse Dan Uggla's five-year, $62MM guarantee with the Braves, but it would fall short of Chase Utley's second base record of seven years and $85MM. Kinsler's contract could impact talks between the Reds and Brandon Phillips, as well as the Yankees and Robinson Cano down the road.