Joe Saunders signs with Rangers

10:00am: Saunders' contract is worth $500,000 guaranteed, but he can make $1.5 million, plus incentives, if he makes the big league roster, per Jon Heyman of CBS Sports. The Rangers have announced Saunders' contract with the club.

Free agent lefty Joe Saunders and the Texas Rangers have agreed to a non-guarenteed Major League deal, according to Evan Grant of the Dallas Morning News. The financial terms are not yet known for the deal.

Saunders, 32, was selected with the twelfth overall pick in the 2002 draft by the Los Angeles Angels. An All Star in 2008, Saunders went 11-16 with a 5.26 ERA in 183 innings pitched with the Seattle Mariners in 2013 (70 ERA+). Over his career, Saunders has gone 89-81 with a 4.30 ERA in 1,334 1/3 innings pitched in 7 years, 13 days Major League service time (97 ERA+).

The Rangers have been stockpiling pitching since Derek Holland's and Matt Harrison's injuries. Holland will miss the entire first half of the season, and Harrison is still recovering from surgery. Currently the Rangers have starters Yu Darvish, Alexi Ogando, Martin Perez, Colby Lewis, Tommy Hanson, and Nick Tepesch on their roster. Their rotation posted a 3.99 ERA, which ranked 16th in the MLB.