Update: Read an update to this story here.
The Texas Rangers have reached a naming-rights deal for Rangers Ballpark in Arlington.
According to a statement issued by the Rangers late Tuesday night, team officials will announce details on the deal at a Wednesday morning news conference.
The team said it will have no other comment on the matter until then, and no other information was available.
The Rangers sold the naming rights to the ballpark once before to the Ameriquest Mortgage Co. and renamed what was then The Ballpark in Arlington to Ameriquest Field in 2004.
Ameriquest relinquished those rights when it closed, and the park was renamed Rangers Ballpark in Arlington in 2007.
Copyright AP - Associated Press
