The 33-year-old spent two years with the Los Angeles Angels before he had a self-reported drug and alcohol relapse. An arbitration panel ruled Hamilton could not be suspended by the league for his relapse.
Hamilton signed a five-year, $125 million contract with the Angels. The franchise still owes him $80.2 million. Los Angeles is expected to pay most of the remaining salary, while the Rangers will pick up the rest.
After Hamilton's relapse, the outfielder did not report to the Angels spring training camp. He also spent the offseason having surgery on his right shoulder.
In Hamilton's five years with the Rangers, he won an AL MVP award, and made back-to-back World Series appearances.
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