UPDATE: Darren Oliver agrees to a deal with the Rangers

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UPDATE: T.R. Sullivan of MLB.com reports that Oliver and the Rangers have reached a deal for $3.5 million with a vesting option for 2011.  The option may be moot, however, as Oliver has said that he’ll probably retire after 2010. I suppose that all depends on how 2010 goes for him on the field.

8:00 A.M.: ESPN’s Jerry Crasnick reports that Darren Oliver and the Rangers are near a deal. No sense on what the money is, but he says it could be done early this week.

Oliver made $3.665 million last year and posted a career-best ERA for a second straight season, finishing at 2.71 in 73 innings. He was probably the Angels’ best reliever, and if it weren’t for the fact that Anaheim has a handful of crummy contracts with other guys (Justin Speier, Brian Fuentes, Scot Sheilds) Anaheim probably would have offered him arbitration which would have effectively ensured his return.

Just a lesson that, more often than not, a handful of bad, mid-range deals can handicap a team far worse than a big bad contract can.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.