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The Texas Rangers formally announced today that the club has signed outfielder Nelson Cruz to a two-year contract through the 2013 season. No financial terms were disclosed, per club policy.

Cruz, 31, was limited to 124 games last year due to two stints on the disabled list, but still ranked among the American League leaders in slugging (11th, .509) and home runs (T13th, 29). His average of a home run every 16.38 at-bats ranked seventh in the A.L. With today’s signing, the only remaining unsigned Ranger eligible for salary arbitration is catcher Mike Napoli.

Cruz named the Most Valuable Player of the 2011 American League Championship Series against Detroit, setting records for the most home runs (6) and RBI (13) in a postseason series in baseball history. He ranks among all-time postseason leaders in slugging percentage (4th, .689) and home runs (T9th, 14), with all of his postseason action coming in the past two seasons with Texas. Cruz hit the first postseason walk-off grand slam in major league history in the 11th inning of 2011 ALCS Game 2 vs. Detroit.

From 2009-11, Cruz leads all Rangers with 84 home runs and ranks among team leaders in extra-base hits (2nd, 169), slugging (2nd, .534), and RBI (3rd, 241). He is one of 20 major league players with at least 20 homers, 20 doubles, and 120 hits in each of the past three seasons, the only Ranger on that list. He has 34 home runs in the 7th-inning-and-later over the past three seasons, a figure that ranks tied for sixth-most in the majors.

Cruz is a career .270 hitter with 106 home runs 323 RBI in 536 games with Milwaukee (2005) and Texas (2006-11).