UPDATE: Rangers ink Joe Nathan to two-year contract, moving Neftali Feliz to rotation

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UPDATE II: Via Jeff Wilson, Nathan will earn $7 million in 2012 and 2013 while the contract includes a $9 million club option for 2014 or a $500,000 buyout.

UPDATE: Jeff Wilson of the Fort Worth Star-Telegram reports that Nathan is guaranteed $14.5 million over the length of the contract, including the buyout for the option year.

Meanwhile, Evan Grant of the Dallas Morning News reports that Feliz has been informed he will indeed make the move to the starting rotation.

8:07 PM: In a move that likely indicates Neftali Feliz is headed to the starting rotation next season, T.R. Sullivan of MLB.com reports that the Rangers have signed Joe Nathan. Full details aren’t yet known, but Evan Grant of the Dallas Morning News reports that he will receive a two-year contract with an option for a third year.

Nathan, who turns 37 tomorrow, made his way back from Tommy John surgery this season and posted a 4.84 ERA, 14 saves and 43/14 K/BB ratio over 44 2/3 innings. The veteran right-hander pitched much better when he regained the closer’s role from Matt Capps following the All-Star break, posting a 3.91 ERA and 22/5 K/BB ratio over 23 innings.

While the Rangers waffled on the situation earlier this year, they have said that they want to make a decision Feliz’s status going into spring training, so this would presumably set the stage for him to make a permanent move to the starting rotation.

Must-Click Link: The Best “Irony Jerseys”

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Our old friend Joe Posnanski tackles a venerable topic over at MLB.com: guys you totally forgot played for a given team. Mostly superstars who had brief stops at non-signature stations at the end of their careers. Or guys, like Mike Piazza and Reggie Jackson, who were with a team for a blink of an eye in between more famous way stations.

We’ve all had this conversation before: remember Willie Mays with the Mets? Doc Gooden with the Astros? John Smoltz with the Cardinals? Heck, I had forgotten about Smoltz with the Cardinals and he was a star on my favorite team once upon a time.

Posnanski calls them “Irony Jerseys.” That’s pretty appropriate, as one can totally imagine someone buying, say, that Dale Murphy Rockies jersey in the name of obscurity. Whatever you call it, it’s a good read.

Now, if you’ll excuse me, I’m off to get my Ted Simmons Braves jersey for a party at some place uptown that you’ve probably never heard of.

The Mariners and Cardinals make a minor trade

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The Seattle Mariners and the St. Louis Cardinals have made a minor trade. Seattle has acquired lefty Marco Gonzales from the Cardinals in exchange for outfielder Tyler O’Neill.

Gonzales, the Cardinals’ first round pick out of Gonzaga back in 2013, is in his first season back from Tommy John surgery. It’s been a good season, in which he has posted a 2.78 ERA and 64/17 K/BB ratio over 74.1 innings across two minor league levels. He’s pitched one game for St. Louis this year and got shelled, but we’ll leave that go.

O’Neill is a third rounder from 2013. He has hit .269/.344/.505 in five minor league seasons. He’s holding his own in Triple-A this year, smacking 19 homers in 93 games.