A person familiar with the negotiations says right-hander Rich Harden and the Texas Rangers have reached a preliminary agreement on a one-year contract that guarantees him $7.5 million.

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The deal calls for a $6.5 million salary next year and includes an $11.5 million mutual option for 2011 with a $1 million buyout, the person said, speaking on condition of anonymity because the deal is not yet final. Harden can earn an additional $250,000 next year in performance bonuses.
Harden must pass a physical for the agreement to be completed.
Texas reached the agreement Wednesday on the same day it traded Kevin Millwood to Baltimore along with $3 million for reliever Chris Ray and a player to be named.

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Posted: 12/10/09 2:45AM ET