Finally, it looks like there will be a resolution to the Jairo Beras saga.

If you haven't followed, Beras was signed by the Texas Rangers for a whopping $4.5 million dollars earlier this year, essentially using their entire 2012 allotment on the young Beras. However, Major League Baseball conducted an investigation into Beras and his real age -- whether he was just 16 years old an ineligible to sign his contract, or 17 years old, and thus, eligible to sign with the Rangers.

It had been reported in March by Baseball America's Ben Badler that Major League Baseball was unlikely to approve Beras' contract with the Rangers. It looks like Badler was wrong, at least according to Yahoo! Sports.

Y! source: MLB will uphold DR OF Jairo Beras' $4.5m contract with Texas, but suspend him for a year after determining he lied about age.

— Tim Brown (@TBrownYahoo) July 12, 2012

It'll be interesting to see Major League Baseball's rationale for approving the contract, while accepting that he lied about his age -- the entire premise of the investigation.

Regardless, it looks like the Rangers will hang onto Beras -- but will have to wait a year to begin developing him in earnest.