The Rangers signed free-agent right-hander closer Joe Nathan on Monday, a move intended to help both their bullpen and rotation.
Nathan, 36, signed a two-year, $14.5 million deal with a club option, according to a major-league source. The Rangers quickly announced that they will move their previous closer, righty Neftali Feliz, to the rotation.
Feliz, 23, gives the Rangers a fifth starter to go with righties Alexi Ogando and Colby Lewis and lefties Matt Harrison and Derek Holland.
The team is still pursuing starters, including its own free agent, left-hander C.J. Wilson, but is committed to starting Feliz.
Nathan, after undergoing Tommy John surgery and missing all of 2010, returned last season and had a strong second half after struggling in the first.
Prior to the All-Star Game, Nathan had a 5.82 ERA and .756 opponents’ OPS. After the ASG, he had a 3.91 ERA and .654 opponents’ OPS.
He figures to be even stronger in ’12, when he will be another year removed from surgery.