Report: Rangers, Red Sox agree to Lowell deal

FOXSports.com’s Ken Rosenthal tweets that the Red Sox and Rangers have come to a preliminary agreement on a Mike Lowell for Max Ramirez trade, pending physicals and approval of Red Sox ownership. According to Rosenthal, the Red Sox are picking up almost all of Lowell’s $12 million salary to make it happen. No mention is made of Lowell having waived his no-trade clause to approve the trade. The assumption is that the Red Sox will now go out and sign Adrian Beltre to play third base, though there’s nothing currently suggesting a deal is close. They also have the option of shifting Kevin Youkilis to the hot corner and acquiring first baseman. You can read our initial commentary on the talks here.