The rich get richer: AL-leading Rangers sign Roy Oswalt

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Reports all day have said Roy Oswalt was close to choosing a new team and the Rangers were heavy favorites, and now Gerry Fraley of the Dallas Morning News writes that Texas has indeed signed the 34-year-old free agent.

Fraley quotes “an individual familiar with the process” as saying it’s a done deal.

Oswalt has been linked to the Rangers, Dodgers, Phillies, Brewers, Orioles, and Red Sox, but Texas gives him the best possible combination of a sure-fire contender, a locale close to his Mississippi home, and (presumably) the most money.

Oswalt gained leverage in recent days with Roy Halladay and Ted Lilly landing on the disabled list with shoulder injuries, and if he’s indeed signing with the Rangers he’ll step into the rotation spot created by Neftali Feliz’s sprained elbow. It’s unclear how much time Oswalt will need to be game-ready, but Feliz is expected to miss the remainder of the first half and could shift back to the bullpen once healthy.

For now Scott Feldman is filling in for Feliz, but Oswalt threw 139 innings with a 3.69 ERA and 93/33 K/BB ratio for the Phillies last season and if he can avoid a recurrence of back problems would be a major upgrade over Feldman.

UPDATE: Ken Rosenthal of FOXSports.com confirms Fraley’s initial report and says Oswalt’s deal is worth between $5 million and $6 million.

Giancarlo Stanton will defend his Home Run Derby title

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The Marlins announced on Sunday that outfielder Giancarlo Stanton will defend his Home Run Derby title when the city of Miami host’s the All-Star Game festivities next month.

Stanton, 27, defeated Todd Frazier in the finals of last year’s Home Run Derby at Petco Park, hitting 20 home runs to Frazier’s 13. Stanton hit a total of 61 home runs in the Derby. This will be the third Home Run Derby in which Stanton has participated.

Stanton also went 1-for-3 with a solo home run to help the Marlins defeat the Cubs 4-2 on Sunday. He’s now batting .274/.357/.551 with 20 home runs and 49 RBI in 311 plate appearances.

Aaron Hicks to go on the disabled list with an oblique injury

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Yankees outfielder Aaron Hicks left Sunday’s game against the Rangers after four innings due to soreness in his right oblique. After the game, Hicks said he expects to go on the 10-day disabled list and miss the next three to four weeks, MLB.com’s Bryan Hoch reports.

Hicks was 1-for-2 with a single before departing on Sunday. He entered the game batting .288/.397/.515 with 10 home runs and 37 RBI in 198 plate appearances. It is by far the best season of his career.

Jacoby Ellsbury is on his way back from a concussion, so the Yankees will only have to bridge the gap in center field for a week or two. Mason Williams could draw some starts in center field in the meantime.