1:24PM: Lance Berkman has reached a one-year deal with the Texas Rangers with a possible vesting option, according to Ken Rosenthal.

2:09PM: Berkman will need to pass a physical for the deal to become official.

2:23PM: Sources are saying that the deal will be for around $10-11 million for one year.

2:47PM: The deal is for $11 million; $10 million for 2013 and a one-year vesting option which includes a $1 million buyout.

Berkman Quotes: From Brian McTaggart: “I think the Rangers have an excellent chance to win…my knee started to feel better, and the Rangers made a real strong offer.”

Berkman, who will turn 37 in February, hit .259 with 2 HRs and 7 RBIs over 81 ABs in 2012. He was limited to only 32 games in 2012 due to calf and knee injuries.

As I’ve said numerous this times, this is what makes the most sense for Berkman. He’s a great guy to have in the clubhouse, but coming back to St. Louis was just never in the cards (no pun intended) for him. His home is in Texas and he’s getting to a point in his career where he wants to be closer to home. He wants at least one more chance to win, and between the Rangers’ proximity to home and their chances of making it to the playoffs and making a run at a championship, it’s a great fit. He will play DH for them and will certainly add an extra bat to help start replace the hole that Josh Hamilton left them with by signing with the Angels. Because the Cardinals did not give him a qualifying offer, they don’t get a draft pick in return.

More details to follow…