UPDATE: Phillies acquire Michael Young from Rangers

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UPDATE: The deal is done, according to USA Today’s Bob Nightengale. Young, the Rangers’ all-time leader in hits and games played, has been traded to the Phillies.

Nightengale hears that Young agreed to the deal after receiving $1.2 million in benefits from the Rangers and a full no-trade clause from the Phillies. The Rangers agreed to pay about $10 million of Young’s $16 million salary for 2013, so it’s a relatively low-risk gamble for Philadelphia. Still, that’s a pretty old infield.

1:20 PM: Evan Grant of the Dallas Morning News reports that Young has “indicated a willingness” to accept a trade to the Phillies. However, the deal is not finalized because some of the financial aspects still need to be worked out.

Young is expected to get some form of compensation for waiving his full no-trade clause while MLB must approve the salary (more than $10 million, says Grant), being covered by the Rangers. But it sounds pretty close to being done. Grant hears that the Phillies will send reliever Josh Lindblom and prospect right-hander Lisalverto Bonilla to Texas.

10:28 AM: Michael Young has been taking his time to decide whether to waive his no-trade clause and accept a trade to the Phillies. But it appears that he has come to a decision.

T.R. Sullivan of MLB.com was told by industry sources that Young is expected to OK the deal and that the trade could go down as soon as today. The 36-year-old was expected to have a diminished role with the Rangers in 2013, so it makes for a pretty easy baseball decision, but Jeff Passan of Yahoo! Sports hears that the biggest consideration was his family.

Young batted .277/.312/.370 with eight home runs, 67 RBI and a career-low .682 OPS this past season and is expected to take over as the Phillies’ starting third baseman in 2013. The Rangers will reportedly cover at least half of Young’s remaining $16 million salary, as well as receive a reliever and prospect in return.

Giants place Dereck Rodriguez on DL due to injury sustained during altercation with Dodgers

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Alex Pavlovic of NBC Sports Bay Area reports that Giants pitcher Dereck Rodriguez has been placed on the 10-day disabled list with a Grade 1 strain of his hamstring. Rodriguez apparently suffered the injury during Tuesday’s altercation with the Dodgers which featured Yasiel Puig and Nick Hundley.

Rodriguez, 22, has been having an outstanding rookie season, posting a 2.25 ERA with a 65/19 K/BB ratio in 80 innings across 12 starts and two relief appearances.

Casey Kelly will start in Rodriguez’s place against the Reds on Friday.