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Rangers, Loney agree to minor-league deal

The Texas Rangers signed veteran first baseman James Loney to a minor-league contract late Friday that gives him an invitation to spring training and a chance to compete for time at first base.

A source confirmed that Loney would make only $1 million if he reaches the major leagues, a cost that doesn’t take the Rangers out of the running for Mike Napoli or other free-agent first baseman who might be worth of a major-league deal.

A second source said that Napoli doesn’t seem to be in a hurry to sign a contract. His camp and the Rangers have exchange proposals but aren’t yet close to a deal.