Rangers Sign Deals With Hamilton, Wilson, Ray, Lewis

Ownership arrangement still in question

By Eric Kreindler
|  Tuesday, Jan 19, 2010  |  Updated 2:00 PM CDT
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Rangers Sign Deals With Hamilton, Wilson, Ray, Lewis

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ANAHEIM, CA - SEPTEMBER 27: Josh Hamilton #32 of the Texas Rangers waits on deck during the game against the Los Angeles Angels of Anaheim at Angels Stadium on September 27, 2008 in Anaheim, California. (Photo by Lisa Blumenfeld/Getty Images)

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The Texas Rangers do not have a deal on who will own the team this year, but the team reached deals with several players Tuesday.

Outfielder Josh Hamilton agreed Tuesday to a contract for $3.25 million. He made $565,000 last season, and he was eligible for salary arbitration for the first time. Hamilton hit .268 with 10 home runs and 54 RBIs during an injury-plagued season.

The Rangers also signed pitcher Chris Ray to a one-year deal. Ray was acquired in December from Baltimore for pitcher Kevin Millwood. The reliever was eligible for arbitration.

The Rangers signed pitcher Colby Lewis to a two-year deal with a club option for 2012. Lewis will get $1.75 million this season and can make $500,000 in performance bonuses. His 2011 deal is worth $3 million. The club option is $3.25 million with a buyout of $250,000.

On Monday, the team announced it came to terms on a deal with lefty C.J. Wilson. The contract is a one-year deal for $3.1 million. Wilson was 5-6 with 14 saves and a 2.81 ERA in 74 relief appearances last season.

Tom Hicks' team is working with attorney Chuck Greenberg on an ownership deal that could be finalized sometime this week. 

It's Jan. 19 -- that means pitchers and catchers report in 26 days.

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