Padilla, Rangers reach agreement on $34M contract

Updated: December 6, 2006, 12:15 AM ET
By Jerry Crasnick | ESPN.com

LAKE BUENA VISTA, Fla. -- Free agent right-hander Vicente Padilla has reached a preliminary agreement on a $34 million, three-year contract with the Texas Rangers, a baseball source said Monday night.

Padilla's contract contains a $12 million club option for 2010, The Associated Press reported.

The deal, made on day one of baseball's winter meetings, is contingent upon Padilla passing a physical exam, which is expected to be administered in the coming days.

Padilla, who ...

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