AL Championship Series MVP Nelson Cruz has agreed to a $16 million, two-year contract with the Texas Rangers.
The deal includes $500,000 in performance bonuses over the two years. With the agreement, negotiated by agents Sam and Seth Levinson, Cruz avoids an arbitration hearing that had been scheduled for next week.
A 31-year-old slugging outfielder, Cruz had asked for $7.5 million in arbitration and the team had offered $5.5 million. He made $3.65 million last year.