Shortstop Elvis Andrus and the Rangers are "close" on an eight-year deal that could be worth $120MM, Ken Rosenthal of FOX Sports reports (on Twitter). Andrus is a Scott Boras client, as shown in MLBTR's Agency Database.
Andrus, 24, has hit .275/.342/.353 in four big-league seasons, but he also provides significant and consistent value with his fielding and his baserunning. He had his best offensive year so far in 2012, hitting .286/.349/.378 in 711 plate appearances. Andrus is currently in the second year of a three-year, $14.4MM contract that covers all three of what would have been his arbitration-eligible seasons. He is currently set to make $4.8MM in 2013.
If Andrus were to reach agreement on a new deal with the Rangers, it would cap a span of just a few days in which Justin Verlander, Buster Posey, Adam Wainwright and Paul Goldschmidt all also signed big-money deals to remain with their current teams. An Andrus mega-contract would be somewhat novel, in that position players with his lack of offensive firepower (he has virtually no home run power and has yet to post an OPS+ higher than 91) rarely get such deals, but Andrus' youth and fielding ability make him a very valuable commodity.
An eight-year deal would put Andrus in line for free agency at the age of 33, an idea that isn't appealing to the shortstop's camp, a source tells Jeff Wilson of the Star-Telegram (on Twitter). However, a deal of this magnitude could put those concerns to rest.
The Rangers also have top prospect and fellow shortstop Jurickson Profar at Triple-A, and it's unclear how an Andrus extension might affect his future. The Rangers could keep them both and use Profar at second base, with Ian Kinsler, who is signed through 2017, moving to DH or first base.
Rangers General Manager Jon Daniels worked out one other extension this winter when he inked Matt Harrison to a five-year, $55MM deal, according to MLBTR's Extension Tracker. Texas has also shown that they aren't afraid to hammer out a contract after Opening Day as they gave Ian Kinsler his five-year, $75MM deal in early April last year.