You can see his B-R page here. This suggests the Rangers at least have enough money in the petty cash drawer to pay the waiver fee.
Inglett has played mostly second base and the outfield, and it may be that they think they can work out a cheap major league deal with him
without having to go through arbitration. (UPDATE -- Scott Lucas points out that Inglett is not arb-eligible). Otherwise, I suspect he'll end up non-tendered.
The 40 man now stands at 38.