Rangers Acquire Pudge From AstrosBy Ben Nicholson-Smith [August 18 at 1:22pm CST]

1:22pm: Jeff Wilson of the Dallas Morning News reports that the Rangers are responsible for a pro-rated portion of Pudge's $1.5MM contract, which includes $1.5MM in incentives.

1:16pm: Jon Heyman of SI.com hears that the Rangers are giving up two mid-level prospects to acquire Rodriguez.

12:47pm: MLB.com's Noah Coslov reports that the Rangers acquired Pudge for a player to be named later.

12:18pm: The Rangers are close to re-acquiring Ivan Rodriguez, according to MLB.com's T.R. Sullivan. Sullivan says the Astros would obtain two mid-tier prospects for Rodriguez, who starred with the Rangers from 1991-2002. The Rangers have told Rodriguez that he will back Taylor Teagarden up and Pudge understands the arrangement.