According to USA Today’s Bob Nightengale, Michael Young has agreed to go to the Philadelphia Phillies, who will start the 36-year-old at third base. Texas will apparently send Philadelphia $10 million toward Young’s $16 million salary for 2013.
Young will reportedly get $1.2 million in benefits as part of the deal (in part, to account for the tax consequence now that he’ll be subject to state income tax), and also get a full no-trade clause (which he’d lose otherwise in the deal, as the “5” part of the 10/5 rule that entitled him to his present no-trade rights vanish with the change in teams).
Young, according to Nightengale, told the Phillies he did not want a contract extension, a signal that he wants to choose his own destination in 2014.
T.R. Sullivan (MLB.com) confirms that Texas will receive right-handed relievers Josh Lindblom and Lisalverto Bonilla in return.
The Rangers have not confirmed the trade, but Nightengale expects a formal announcement from both clubs this afternoon.