Roy Oswalt, a three-time Major League Baseball All-Star pitcher, has signed a one-year deal with the Texas Rangers, according to a posting on the team's website.
The 34-year-old right-hander is expected to make several starts with developmental-league teams before joining the Rangers, who lost starter Neftali Feliz with a sprained right elbow.
The deal, reportedly worth as much as $5 million, could help the Rangers reach the World Series for the third year in a row. The two-time defending American League champions lost to San Francisco in 2010 and St. Louis in 2011.
Several clubs had shown interest in Oswalt, including the Philadelphia Phillies, for whom he went 9-10 last season with a 3.69 earned-run average in 139 innings over 23 starts.
In 11 major league seasons with the Phillies and Houston, Oswalt is 159-93 with a 3.21 earned-run average.
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