The Rangers agreed to sign Colby Lewis to a two-year, $5MM deal, according to Jon Paul Morosi of FOX Sports. Lewis, 30, posted a 2.96 ERA, 9.49 K/9, and 0.97 BB/9 in 176.3 innings for the Hiroshima Carp last year and was similarly dominant in '08. Lewis, who originally came up with the Rangers, would be a steal if he approaches his Japanese ball numbers.
He can earn up to $500K each year for reaching certain unkown incentives. The Rangers, who would like to bring in a catcher, are nearing their payroll limit. As MLB.com's T.R. Sullivan points out, they will have to clear roster space for Khalil Greene and their new pitcher.
Ben Nicholson-Smith contributed to this post.