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Sources: Rangers to acquire Lowell

Updated: December 11, 2009, 7:29 AM ET
By Gordon Edes | ESPNBoston.com

INDIANAPOLIS -- The Boston Red Sox have reached a preliminary agreement to trade third baseman Mike Lowell to the Texas Rangers for catcher Max Ramirez, sources told ESPN.

The Red Sox will pay $9 million of Lowell's $12 million salary. The trade was first reported by FoxSports.com.

A cash transfer of that magnitude would require approval from the commissioner's office. The Rangers, with cash-strapped owner Tom Hicks selling the team, are essentially having their every financial ...

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