I was perusing the excellent Cot's Contracts site, and thought I'd put together a detail of the Rangers' financial commitments for the next few years after 2008...
2009:
Kevin Millwood -- $11 million
Vicente Padilla -- $12 million
Hank Blalock -- $6.2 million (assuming option is exercised)
Michael Young -- $16 million
Frank Catalanotto -- $4 million
Joaquin Benoit -- $3.5 million
Kaz Fukumori -- $1.5 million
Total committed: $52.7 million for 7 players
Arbitration-eligibles:
Frankie Francisco
Marlon Byrd
Gerald Laird
Brandon McCarthy
C.J. Wilson
Kam Loe
Ian Kinsler
2010:
Kevin Millwood -- $12 million (if final year not voided)
Vicente Padilla -- $12 million option, $1.75 million buyout
Michael Young -- $16 million
Frank Catalanotto -- $5 million option, $2 million buyout
Total committed (assuming options declined): $31.75 million for 2 players (and 2 buyouts)
Arbitration eligible:
Frankie Francisco
Gerald Laird
Brandon McCarthy
C.J. Wilson
Kam Loe
Ian Kinsler
Josh Hamilton