Report: Rangers, Red Sox agree to Lowell deal

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FOXSports.com’s Ken Rosenthal tweets that the Red Sox and Rangers have come to a preliminary agreement on a Mike Lowell for Max Ramirez trade, pending physicals and approval of Red Sox ownership.
According to Rosenthal, the Red Sox are picking up almost all of Lowell’s $12 million salary to make it happen. No mention is made of Lowell having waived his no-trade clause to approve the trade.
The assumption is that the Red Sox will now go out and sign Adrian Beltre to play third base, though there’s nothing currently suggesting a deal is close. They also have the option of shifting Kevin Youkilis to the hot corner and acquiring first baseman.
You can read our initial commentary on the talks here.