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Rangers emerge as favorites to sign Martinez

SURPRISE, Ariz. -- The Rangers traded Minor League pitcher Miguel Medrano to the Reds on Wednesday for international bonus pool money.

The transaction comes one day after Major League Baseball declared Cuban outfielder Julio Pablo Martinez a free agent, making him eligible to sign with a team. Martinez, 21, is a 5-foot-10 outfielder who is considered one of the better prospects to recently come out of Cuba because of his mix of speed and power.

The Rangers have emerged as the favorite to sign Martinez, and the team could sign him when the Cuban outfielder becomes eligible to sign a contract March 6, according to sources.