The Rangers have acquired catcher Bengie Molina and cash from the Giants for reliever Chris Ray and a player to be named, according to multiple media reports.
The deal is subject to approval by the commissioner’s office, which is assisting the for-sale Rangers financially. The San Jose Mercury News reports San Francisco will pay the Rangers $2 million to offset the difference in Molina’s and Ray’s prorated salaries. Molina is due to make about $2.5 million the rest of this season.
Molina was notified of the trade Wednesday night after the Giants arrived in Denver for a series with the Rockies, but he will remain with San Francisco until the deal becomes official. The Rangers will be in Anaheim, Calif., on Thursday to play the Angels.
"The commissioner has to approve something on the deal. So they, (manager Bruce) Bochy, told me, be aware, and if I don’t hear anything by the time of (today’s) game, go to the field," Molina told the Mercury News.
Rangers general manager Jon Daniels would not confirm the trade Wednesday night, telling reporters he had "nothing to report at this time."
Texas has been seeking an upgrade at catcher for some time. They reportedly tried to obtain A.J. Pierzynski from the White Sox last month. The Giants, meanwhile, have rookie Buster Posey ready to succeed Molina behind the plate.
FoxSports.com’s Jon Paul Morosi was first to report that a deal was close. USA Today was first to report the deal had been completed.