The Houston Astros have reportedly gotten a deal done with Carlos Lee, for 6 years, about $90 million.
A press conference is supposedly going to be coming shortly.
Good news for the Rangers, who now get the Astros #17 overall pick in the first round, essentially replacing the #16 pick that the Rangers lost in signing the Cat.
This means that the Rangers (barring the Astros or Angels signing a higher rated free agent) will have the #17 and #24 picks in the 2007 draft, along with three sandwich picks.
Update [2006-11-24 14:40:3 by Adam J. Morris]: -- Just saw on ESPN that it is 6 years, $100 million.