12:34pm: Young has indicated a willingness to accept the trade but is likely to seek some sort of compensation for waiving his no-trade clause, reports Evan Grant of The Dallas Morning News. There are still some financial issues to work out before the deal is final.
Grant says the Rangers would receive righty Josh Lindblom and a minor leaguer in the trade. Lindblom, 25, pitched to a 3.55 ERA with 8.9 K/9 and 4.4 BB/9 in 71 innings this season. The Phillies acquired him from the Dodgers at the deadline in the Shane Victorino trade. The minor leaguer is believed to be right-hander Lisalverto Bonilla. The 22-year-old posted a 1.55 ERA with 12.4 K/9 and 4.1 BB/9 in 46 1/3 relief innings split between Single-A and Double-A in 2012.
10:19am: The Rangers expect a decision from Young today but do not know which way he is leaning, reports Jeff Wilson of The Fort Worth Star-Telegram (on Twitter).
9:30am: The Rangers and Phillies had advanced talks about a trade involving Michael Young earlier this week, and MLB.com's T.R. Sullivan says the deal could happen today. Young is expected to waive his no-trade clause to approve the move to Philadelphia.
Jeff Passan of Yahoo! Sports heard the Phillies are "recruiting (Young) like he's the No. 1 pick in the country." (Twitter link) It's unclear what Texas would receive in return for the franchise's all-time hits leader, but the team would reportedly eat more than half of Young's $16MM salary in the trade. A young Major League reliever and a low-level prospect could also be heading to the Rangers.
Young, 36, hit .277/.312/.370 in 651 plate appearances this year and would presumably take over as the Phillies' full-time third baseman. He is heading into the final season of the five-year, $80MM extension he signed prior to the 2007 season. Young has full 10-and-5 no-trade protection.
This post was originally published on December 8th.