9:45pm: Feldman will join the Rangers' big league bullpen tomorrow, reports MLB.com's T.R. Sullivan. The Rangers will need to clear a 40-man roster spot for the righty. Either Andres Blanco is going to the 60-day DL, or someone is getting designated for assignment or outrighted.
10:02am: The Rangers placed starter Scott Feldman on outright waivers, tweets Ken Rosenthal of FOX Sports. The waivers expire in about two hours. The Rangers' goal appears to be avoiding adding Feldman back to the 40-man roster, since his stay on the 60-day DL is ending and the roster is currently full.
Feldman had microfracture knee surgery in November of last year, and I think he'll clear waivers because of his contract. He's owed about $1.8MM more this year, $6.5MM in 2012, and a $600K buyout for a total of almost $9MM through next season. Feldman has made ten rehab starts this year, posting a 4.17 ERA, 5.8 K/9, 2.0 BB/9, and 0.9 HR/9 across 49 2/3 Double and Triple-A innings.
Feldman, 28, posted a 4.08 ERA in 189 2/3 big league innings in 2009, earning him the multiyear contract. Teams looking for low strikeout innings eaters have safer options this month, such as Jason Marquis and Bruce Chen.