2007 finish: 75-87, last place, AL West.
Deals so far: The Rangers raided the Angels' farm system, claiming outfielder Nick Gorneault on waivers and signing pitcher Warner Madrigal. Texas has avoided arbitration by reaching agreements with pitchers Joaquin Benoit and Frank Francisco and infielder Ramon Vazquez. The Rangers signed Benoit to a two-year deal.
Players eligible for arbitration: C Gerald Laird, P Akinori Otsuka, OF Marlon Byrd.
Free agents: OF Sammy Sosa, OF Brad Wilkerson, IF Jerry Hairston Jr., P Jamey Wright.
Needs: The Rangers need outfield help. They would prefer to find a center fielder. If they can't, they'll go with Marlon Byrd and David Murphy in center and try to find either a corner outfielder or a first baseman that can wield an impact bat in the middle of the order. They also want to add a veteran arm to their bullpen. It doesn't necessarily have to be a closer but somebody who can pitch late in the game.
Dealing strengths: The Rangers have depth at catching, both at the Major League level and in the farm system. There is interest in Laird. The Rangers also have some good young players within the system but seem intent to hold on to them as much as possible.
T.R. Sullivan is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.