Rangers and Derek Holland on the verge of contract extension

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Evan Grant of the Dallas Morning News reports that the Rangers and Derek Holland are on the verge of a contract extension through at least 2016.

No word on the exact terms, but the proposed deal would cover his final pre-arbitration season, all three of his arbitration seasons and at least his first year of free agency. The two sides tabled negotiations earlier this winter, but were discussing a five-year deal with a club option for 2017.

Holland went 16-5 with a 3.95 ERA and 162/67 K/BB ratio over 198 innings last season for the back-to-back AL champion Rangers. The 25-year-old southpaw tied for the American League lead with four shutouts and was outstanding during the second half of the season, posting a 3.06 ERA over his final 14 starts. He also delivered on the big stage during the World Series against the Cardinals, striking out seven over 8 1/3 shutout innings in a Game 4 victory.