Cruz signed a two-year contract with an option for 2011. The deal was believed to be worth $2.25 million for this year, $3.25 million for 2010 and a club option for $4 million for 2011 with a $500,000 buyout.
In an interesting side note, the Royals made room for Cruz on the 40 man by DFA'ing former Ranger Esteban German, who was traded by Texas for Fabio Castro lo these many years ago.
Anyway...this seems imminently reasonable, and I would have been on board with the Rangers signing Cruz for that amount, even for a 2nd round pick.
But as was noted earlier, the Rangers reportedly had no money in the budget available to sign Cruz.
That's understandable, though...you can't really expect Tom Hicks to try to compete financially with big-market, deep-pocketed teams like Kansas City.