The Rangers and right-hander Neftali Feliz have avoided arbitration by agreeing to a one-year, $2.9 million contract, according to Jeff Wilson of the Fort Worth Star-Telegram. The deal includes $1 million in performance-based incentives.
Feliz, 24, was arbitration-eligible for the first time this offseason. The Rangers have him under team control through 2015.
After pitching exclusively as a reliever over his first three seasons in the majors, Feliz was moved into the starting rotation last season and posted a 3.16 ERA and 37/23 K/BB ratio over 42 2/3 innings prior to being placed on the disabled list in May with a sprained ulnar collateral ligament in his right elbow. He attempted to rehab the injury at first, but eventually opted for Tommy John surgery in August. He’s expected to miss most, if not all, of the 2013 season, but the Rangers could bring him back sooner out of the bullpen.