The Texas Rangers agreed to terms with All-Star shortstop Michael Young on a new contract extension Thursday worth $80 million over 5 years. In franchise history, the deal is second only to Alex Rodriguez's 10-year, $252 million contract cut in 2000.
Acquired in a trade with the Toronto Blue Jays in July of 2000, the 30-year-old Young is a career .300 hitter with 94 homers and 476 RBIs. He batted .314 with 14 home runs and a career-high 103 RBIs last year, his sixth full season with Texas.
The 2005 American League batting champion is currently under contract for the 2007 season, with a $5 million club option for 2008. The Rangers are expected to hold a news conference on Friday to officially announce the deal.