As first reported by Ken Rosenthal of FOX Sports, the Rangers have acquired designated hitter and outfielder Carlos Beltran from the New York Yankees in exchange for minor league right-handers Dillon Tate, Eric Swanson and Nick Green.
Beltran, 39, is enjoying another successful year in New York in 2016. Named to his ninth career All-Star Game, Beltran has hit .304/.344/.546 this season with 22 home runs and 64 RBI in 387 plate appearances, playing both the outfield and designated hitter.
The Rangers are generally set in the outfield. Nomar Mazara, Jurickson Profar and Ian Desmond have done well there. However, they're struggling at designated hitter, where top prospect Joey Gallo has been recently.
Rangers' designated hitters have posted a -2.3 fWAR, ranking 15th out of the 15 American League teams.
Beltran is a free agent at the end of the season, finishing off a three-year, $45 million deal he signed with the Yankees during the 2013-14 offseason. Regardless, the Rangers hope that he will be able to add to their lineup in a spot that needs an upgrade in particular.
In exchange for Beltran, the Yankees will get Tate, a 22-year-old starting pitcher who was the Rangers' 1st round pick in the 2015 MLB Draft. Tate has struggled this season, going 3-3 with a 5.12 ERA and a 55-27 strikeout-to-walk ratio. He's still listed as the Rangers' 5th-best prospect, sporting a fastball that ranges between 92-98 MPH.