The Phillies have acquired Michael Young from the Rangers according to Bob Nightengale of USA Today (Twitter links). Young will receive $1.2MM in benefits in exchange for waiving his no-trade clause, but Nightengale says he told the Phillies he did not want an extension (Twitter links). The $1.2MM accounts for the state tax difference.
The Rangers have agreed to pay $10MM of the $16MM owed to Young next season according to Nightengale (on Twitter). Earlier today Evan Grant of The Dallas Morning News reported that Josh Lindblom and minor leaguer Lisalverto Bonilla would head to Texas in the trade, which MLB.com's T.R. Sullivan has confirmed. An announced is expected this afternoon.
Young, 36, was originally drafted by the Blue Jays but has spent his entire big league career in Texas after being acquired as part of a package for Esteban Loaiza back in 2000. He hit just .277/.312/.370 in 651 plate appearances this year, but he's one year removed from a .338/.380/.474 performance in 2011. Young is the Rangers' all-time leader in games played (1,823), plate appearances (8,047), hits (2,230), doubles (415), and triples (55).
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