Rangers, Francisco agree to $3.3M contract

Updated: January 26, 2010, 9:15 PM ET
Associated Press

ARLINGTON, Texas -- Texas Rangers closer Frank Francisco reached an agreement Tuesday on a one-year contract worth $3,265,000 to avoid an arbitration hearing.

Francisco was seeking $3.6 million and the Rangers had countered with $3 million when they swapped figures last week.

Francisco was 2-3 with a career-best 25 saves and a 3.83 ERA in 51 relief appearances last season, when he also had three stints on the disabled list. Opposing batters hit only .214 against Francisco, who had 57 strikeouts and 15 walks in his 49 1-3 innings.

The only remaining Texas player in arbitration is right-hander Scott Feldman, a 17-game winner last season who is seeking $2.9 million. The Rangers have offered $2.05 million.

Copyright 2010 by The Associated Press

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