Rangers Sign Nathan, Shift Feliz

If the Rangers harbored any hopes of keeping C.J. Wilson, they were extinguished with Wilson’s expressed desire for a $120 million contract from…someone.

The Yankees aren’t giving it to him. No one’s giving it to him. Wilson might ultimately wind up with the Yankees, but it’s going to be for less-than $100 million.

With that in mind, the Rangers did the next best thing and in a savvy bit sleight-of-role, they signed Joe Nathan to a 2-year, $14.5 million contract with an option for 2014 at $9 million and a $500,000 buyout.

Nathan was inconsistent for the Twins in returning from Tommy John surgery in 2011 and was replaced as closer by Matt Capps; he regained the job late in the season and pitched well. He’s put up big strikeout numbers in his career and will rack up the saves; he’s struggled in the post-season, especially against the Yankees.

That’s something to keep in the back of your mind. But nothing to worry about now.

This was a domino-effect signing.

The Rangers get their closer at a reasonable rate, far cheaper than the Phillies paid for Jonathan Papelbon and well below the demands of Ryan Madson and Francisco Rodriguez; Nathan, if he’s back to form, is better than Madson and K-Rod; they don’t surrender a draft pick; they’re not rolling the dice with veterans (Brad Lidge) or those coming off injuries and shellshock (Jonathan Broxton); they’re not paying a mediocre starter for his attendance record to plug in the 220 innings they’re losing with Wilson’s departure; and they insert former closer Neftali Feliz into the rotation once and for all with no ambiguity, getting star potential in the rotation at a reduced price.

Don’t expect Feliz to suddenly throw 200 innings in 2012. His limit will be closer to the 170 Alexi Ogando threw as he transitioned from the bullpen to the rotation; but the Rangers have the horses to account for any limits on Feliz.

The success of this maneuver is contingent on how Feliz handles the switch and if Nathan is back to his old self, but logically, it’s the smart and financially sound move.

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