The Rangers have announced their deal with left-hander Arthur Rhodes. The deal pays Rhodes $3.9MM in 2011 and includes a $4MM vesting option for 2012, according to Anthony Andro of the Fort Worth Star-Telegram (on Twitter).
Rhodes, 41, is coming off the first All-Star season of his 19-year major league career. In 69 games with the Reds last year, Rhodes posted a 2.29 ERA, a 8.2 K/9 rate and a 2.78 K/BB ratio. Rhodes qualified as a Type A free agent, but since Cincinnati didn't offer him arbitration, Texas won't lose a draft pick as compensation.
Steve Phillips of AOL Fanhouse (Twitter link) first reported the agreement and Jon Heyman of SI.com first added detail about the vesting option.