The 31-year-old slugger is rumored to be seeking a seven-year, $175 million deal.
The Rangers still have a chance to negotiate a new contract with Hamilton, but will be compensated with a draft pick if he signs with another team. While Texas general manager Jon Daniels has made it clear that he would like to re-sign Hamilton, the club reportedly will not offer the 31-year-old slugger more than a three-year deal. Hamilton is rumored to be seeking a deal in the seven-year, $175 million range.
Hamilton hit .285 with 43 home runs and 128 RBI for the Rangers in 148 games during the 2012 season. His history of off-field troubles and injury-plagued seasons coupled with his struggles during the second half of the 2012 season could make teams hesitant to offer Hamilton the kind of contract he's rumored to be looking for.