TexasRangers.com published this on the financials of the deal:
Hamilton, who had been scheduled to have an arbitration hearing on Monday in Phoenix, will receive $7.25 million this year, $13.75 million in 2011 and a $3 million signing bonus. He remains eligible for free agency after the 2012 season. The three-time All-Star was seeking $12 million from arbitration while the Rangers were offering $8.7 million.
Hamilton, who was the American League MVP and the ALCS MVP in 2010, will be a free agent after the 2012 season. Last season, he was the AL batting champion with a club-record .359 average, hit 32 home runs and had 100 RBIs.
We'll be there and will bring you more details as soon as they are available.
Pitchers and catchers report in 6 days.