Report: Rangers Ink Derek Holland to Five-Year, $28.5 Million Deal

The Texas Rangers have signed Derek Holland to a five-year, $28.5 million contract extension, according to Evan Grant of the Dallas Morning News.

Holland, 25, posted a 16-5 record with a 3.95 ERA for the Rangers in 32 starts last season. Prior to the 2009 season, he was named the 31st best prospect in the game by Baseball America.

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