The Rangers are discussing a five-year extension for Derek Holland

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Evan Grant reports that the Rangers are in discussions for a long term deal, thought to be for five years, for Derek Holland.

Holland is already team-controlled through 2015, but after next season he would become arbitration eligible and a guy with his win totals would probably stand to make a pretty penny through arbitration because that’s just how it works.  As Ben Nicholson-Smith of MLBTR notes, however, several comparable pitchers to Holland have singed five year deals in the $30 million range, some with team options, some without.

Holland is coming off a year in which he went 16-5 with a 3.95 ERA and a 162/67 K/BB ratio in 198 innings. He also had four shutouts, tying for the league lead.