Reigning American League MVP Josh Hamilton has avoided arbitration and signed a two-year deal with the Texas Rangers, the team announced Thursday.A press conference to announce the deal has been scheduled for 4 p.m. ET.
The Rangers did not disclose the terms of the agreement, but SI.com reported that the contract is worth $24 million.
Hamilton, 29, hit .359 with 32 home runs and 100 RBI last season, his third with the Rangers.
The slugger, who was the No. 1 overall pick by the Tampa Bay Devil Rays in 1999 and fell out of baseball for years as he battled drug and alcohol addiction, is eligible to become a free agent after the 2013 season, so this deal buys out all but one of his arbitration-eligible years.
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