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Rangers and Lance Berkman agree to one-year, $11 million contract

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UPDATE: Jeff Wilson of the Fort Worth Star-Telegram reports that Berkman will need to get 525-550 at-bats for the 2014 option to vest. He hasn’t had that many at-bats in a season since 2008.

3:56 PM: CBS Sports’ Jon Heyman reports that Berkman will get a $10 million salary for 2013 while the vesting option includes a $1 million buyout.

3:42 PM: Multiple reports state that the deal is done, pending a physical. Rosenthal confirms that Berkman will get a one-year, $11 million deal with a vesting option for 2014. The Rangers will obviously look great if this works out, but they are taking on an awful lot of risk here.

3:22 PM: Rosenthal adds that Berkman’s deal with the Rangers is worth $10-11 million for one year. Given his age and knee issues, that seems a little rich.

2:28 PM: Nolan Ryan’s recruiting efforts have paid off.

FOX Sports’ Ken Rosenthal reports that the Rangers are finalizing an agreement with Lance Berkman. It’s expected to be a one-year deal with a possible vesting option. No word yet on the money involved.

Berkman was limited to just 32 games with the Cardinals last season due to knee and calf injuries, but he’s holding off on retirement for at least one more year. He also drew interest from his hometown Astros this winter, but he’ll obviously be in a better position to win with Texas.

While Berkman has previously referred to the American League-style of play as “Mickey Mouse,” he’ll likely serve as the Rangers’ primary designated hitter in 2013. The veteran slugger turns 37 in February and owns a .296/.409/.544 batting line over 14 seasons in the majors.

Report: Dexter Fowler will take a physical in St. Louis on Friday

CLEVELAND, OH - NOVEMBER 02:  Dexter Fowler #24 of the Chicago Cubs reacts after lining out during the third inning against the Cleveland Indians in Game Seven of the 2016 World Series at Progressive Field on November 2, 2016 in Cleveland, Ohio.  (Photo by Ezra Shaw/Getty Images)
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Update (8:51 PM EST): The deal is in place, according to Heyman.

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Update (8:27 PM EST): Derrick Goold of the St. Louis Post-Dispatch reports that the Cardinals made an “over-the-top offer” to Fowler to ensure he’d sign.

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Frank Cusumano of KSDK Sports reports that free agent outfielder will take a physical in St. Louis on Friday. Presumably, that means that Fowler and the Cardinals have gotten pretty far along in negotiations.

Jon Heyman of FanRag Sports recently reported that Fowler was looking for $18 million per year. The Blue Jays reportedly made an offer to Fowler in the four-year, $16 million range several days ago. The Cardinals’ offer to Fowler, if there is indeed one, is likely somewhere between the two figures.

Fowler, 30, is coming off of a fantastic year in which he helped the Cubs win their first World Series since 1908. During the regular season, he hit .276/.393/.447 with 13 home runs, 48 RBI, 84 runs scored, and 13 stolen bases in 551 plate appearances.

Fowler rejected the Cubs’ $17.2 million qualifying offer last month. While the QO compensation negatively affected Fowler’s experience in free agency last offseason — he didn’t sign until late February with the Cubs — his strong season is expected to make QO compensation much less of an issue.

Braves acquire Luke Jackson from the Rangers

ARLINGTON, TX - SEPTEMBER 16:  Relief pitcher Luke Jackson #53 of the Texas Rangers  throws during the ninth inning of a baseball game against the Houston Astros at Globe Life Park on September 16, 2015 in Arlington, Texas. Texas won 14-3. (Photo by Brandon Wade/Getty Images)
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Tommy Stokke of RanRag Sports reports that the Braves and Rangers agreed to a trade. According to ESPN’s Keith Law, the Braves will receive pitcher Luke Jackson from the Rangers in exchange for pitchers Tyrell Jenkins and Brady Feigl.

Jackson, 25, is under team control through 2022. He has logged only 18 innings in the majors, yielding 14 runs on 22 hits and eight walks with three strikeouts. While Jackson has struggled with control, the Braves likely see upside because his fastball sits in the mid- to high-90’s.

Jenkins, 24, is also under team control through 2022. The right-hander made eight starts and six relief appearances in his first major league season in 2016, putting up a 5.88 ERA with a 26/33 K/BB ratio over 52 innings.

Feigl, 25, was an undrafted free agent and was signed by the Braves in 2013. The lefty underwent Tommy John surgery in 2015 and briefly rehabbed in rookie ball this past season.