UPDATE: Rangers, Elvis Andrus reach an agreement on a $120 million extension

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UPDATEJon Heyman of CBS Sports reports that the deal is done.

2:42 AM: Despite the presence of Jurickson Profar waiting in the wings, the Rangers have decided to lock up Elvis Andrus to an eight-year, $120 million deal, according to FOXSports.com’s Ken Rosenthal and CBSSports.com’s Jon Heyman.

Rosenthal reports that the contract would supersede Andrus’ current deal, which will pay him $11.25 million total for 2013-14, essentially making this a six-year, $109 million extension. Heyman, on the other hand, says the eight-year, $120 million extension will kick in after his current deal, locking up Andrus for the next 10 years.

It’s actually a pretty big difference, in that Rosenthal has Andrus making $18.2 million per year for six years, while Heyman’s extension would be for $15 million per year for eight years. I’m going to guess that Heyman has it right; the latter deal would seem to me to be more palatable to the Rangers.

Obviously, the Rangers’ hope here is that the 24-year-old Andrus will continue to improve at the plate, as well he should. The four-year veteran established new highs in average (.286), OBP (.349) and slugging (.378) last year. He was also perfectly solid in 2011, hitting .279/.347/.361. One of the AL’s best defensive shortstops, he’s worth $15 million per year at the moment. Of course, his range figures to decline with age, but his bat should make up for it in his late-20s and he should still last as a shortstop well into his 30s.

As for Profar, this now makes him the Rangers’ second baseman of the future, which puts Ian Kinsler’s role in question. The Rangers could trade Kinsler this summer if they fall out of contention, but it’s more likely that they’ll shift him to first base or an outfield corner and keep him around for 2014 and beyond. He’s in the first year of a five-year, $75 million contract.

Andrus would have been eligible for free agency for the first time after 2014. Because of Profar’s presence, he had been mentioned in trade rumors, most notably in the Justin Upton talks with Arizona. The Rangers, though, never appeared interested in moving him.

Nationals acquire Kelvin Herrera from Royals

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Update (8:06 PM ET): The Royals will receive minor leaguers Blake Perkins, Kelvin Gutiérrez, and Yohanse Morel from the Nationals, per Heyman. The trade is official as the Nationals and Royals have announced the deal.

Perkins, 21, is the Nationals’ No. 11 prospect, according to MLB Pipeline. The outfielder was selected by the Nationals in the second round of the 2015 draft. This season, with High-A Potomac, Perkins hit .234/.344/.290 in 305 plate appearances.

Gutiérrez, 23, is rated by MLB Pipeline as the Nats’ No. 10 prospect. The club signed him as an international free agent in April 2013. With Double-A Harrisburg this season, the third baseman hit .274/.321/.391 in 249 trips to the plate.

Morel, 17, is not in the Nats’ Top-30 as the club signed him last July as an international free agent. In one start in the Dominican Summer League, Morel allowed four runs (three earned) on six hits and a walk with five strikeouts across 3 1/3 innings.

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Jon Heyman of FanRag Sports reports that the Nationals are close to acquiring reliever Kelvin Herrera from the Royals. Chelsea Janes of the Washington Post says three minor leaguers are going from the Nats to the Royals.

Herrera, 28, has been outstanding for the last-place Royals. He owns a 1.05 ERA with 14 saves and a 22/2 K/BB ratio in 25 2/3 innings. Herrera is a free agent after the season, so this is effectively a rental for the Nationals, who are three games behind the Braves for first place in the NL East.

Herrera will help bolster the Nats’ bullpen behind closer Sean Doolittle, who has 17 saves and a 1.52 ERA. It’s not known yet how the Nationals will handle the closer’s role with Herrera in the mix. One would imagine Herrera slides into the set-up role behind Doolittle.