The Rangers will announce that Josh Hamilton has signed a two-year deal later this afternoon.
The 2010 AL MVP was the Rangers only remaining unresolved arby case.
Details of the deal have not yet been disclosed.
Update: Per MLB.com's T.R. Sullivan; a "high probability" exists that the Rangers will not trade Michael Young, apparently due to the size of the salary commitment and the Rangers' refusal to back down from their asking price.