Originally posted on Pro Sports Daily  |  Last updated 5/29/12
Free-agent pitcher Roy Oswalt, who sat out the first two months of the season, has signed a minor-league contract with the Texas Rangers, the team announced Tuesday. The deal is pending a physical, which Oswalt will take on Thursday. After that, Oswalt is scheduled to join Triple-A Round Rock this weekend. General manager Jon Daniels said Oswalt would make his first minor league start on Saturday. Oswalt will make a few starts in the minors to build his arm strength before joining the Rangers rotation, but he could be ready to join the Texas rotation by June 20, ESPNDallas.com's Richard Durrett reported. There are varying reports on the terms of the deal. ESPN.com reported that if Oswalt, 34, is called up by July 1, he gets $8 million prorated, which is about $4 million. He can earn an extra $1 million in incentives if he makes 10 starts. Yahoo.com reported Oswalt's contract would be worth about $5 million, with an additional $1 million in incentives. "The bottom line is I think we're better today with Roy in the fold," Daniels said. "Ownership stepped out. This wasn't something we contemplated in the budget." The Rangers need Oswalt because starting pitcher Neftali Feliz is sidelined with an elbow injury that will keep him out until mid-July. The St. Louis Cardinals, Philadelphia Phillies and Los Angeles Dodgers all had shown interest in Oswalt, who was 9-10 with a 3.69 ERA with the Phillies in 2011. He was on the disabled list twice last season. Oswalt has developed a relationship with Rangers president Nolan Ryan, and he had said he wanted to play for a contending team close to his Mississippi home. Oswalt threw for the Rangers in Mississippi on May 18, and that was the same night Feliz was injured.
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