ARLINGTON, Texas -- The Texas Rangers acquired veteran starter Ryan Dempster from the Chicago Cubs for two minor leaguers -- third baseman Christian Villanueva and RHP Kyle Hendricks -- just minutes before the trade deadline expired on Tuesday.

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Rangers GM Jon Daniels dishes on the trade for Cubs' RHP Ryan Dempster, Neftali Feliz's injury, Roy Oswalt to the bullpen and more. Listen

The 35-year-old gives the Rangers a solid starter to incorporate into a rotation that has dealt with injury and inconsistency of late.

Dempster is 5-5 with a 2.25 ERA in 104 innings over 16 starts this season. He has 83 strikeouts and 27 walks and opponents are hitting .210 against him. He's making $14 million this season before he becomes a free agent. Dempster had to approve the deal because he has veto power thanks to his 10-5 rights.

Texas will send third baseman Christian Villanueva and right-handed pitcher Kyle Hendricks, both from high-Class A Myrtle Beach, to the Cubs.

"Thanks to @Cubs, the city of Chicago and the fans. Looking forward to @Rangers tomorrow," Dempster wrote Tuesday on Twitter.

Dempster gives the club some much-needed depth in the starting rotation, especially after the Rangers announced that Neftali Feliz needs Tommy John surgery and will miss the rest of the season.

Roy Oswalt, who has a 6.49 ERA in six starts and has allowed at least 11 hits in three of those outings, will move to the bullpen, the team announced.

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