UPDATE: Jim Bowden of ESPN.com and MLB Network Radio reports that the Rangers and Kinsler are working toward a five-year contract extension.
The Rangers would pick up Kinsler’s $10 million option for next season as part of the agreement while the five-year extension would be worth approximately $14 million per season. This would guarantee Kinsler approximately $80 million over the next six seasons.
T.R. Sullivan of MLB.com confirms that the two sides are still “grinding” on contract extension talks and that a six-year deal is in play.
5:00 PM: Ken Rosenthal of FOXSports.com reported earlier this week that Ian Kinsler and the Rangers were discussing a six-year contract extension, but today the second baseman told Richard Durrett of ESPN Dallas that there was nothing new to report.
Kinsler also called the negotiations a “confusing process” and described his level of optimism about getting something done as “neutral.”
Kinsler has said that he’d prefer not to negotiate during the season, but unlike some players he isn’t setting a strict Opening Day deadline for the talks if they’re relatively close to getting something done.
He’s also under contract for $7 million this season and the Rangers hold a $10 million option for 2013, so it’s something the two sides could revisit in the offseason.