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Evan's sources indicate that the due to Josh Hamilton foregoing money due to no state income taxes and possibly receiving an opt out after year two, the Rangers would only pay Josh less than $7 million over 3 years, and it might be even less.
Check it out: http://rangersblog.dallasnews.com/2015/04/sources-texas-rangers-to-take-on-less-than-7-million-of-josh-hamilton-deal.html/