The Rangers have re-signed catcher Geovany Soto to a one-year deal, according to Evan Grant of MLB.com (via Twitter). The deal is pending a physical.

Soto, 29, had a .198/.270/.343 batting line with eleven home runs in 361 plate appearances for the Rangers and Cubs last season. The catcher, who earned $4.3MM in 2012, was non-tendered by Texas just days ago. Last year marked a significant dip in offensive production for Soto and the Rangers hope to see him get closer to his career slash line .248/.336/.437 in 2013.

Read more at http://www.mlbtraderumors.com/#te3p5QgQp8zDgPWc.99

Huge news. Wow.