The Rangers announced they’ve placed Khris Davis on unconditional release waivers. This was the expected outcome after the club designated Davis for assignment on Tuesday.
Texas acquired the designated hitter/corner outfielder from the A’s over the winter. While they surely hoped he’d rebound from back-to-back down seasons at the plate, the primary motivation for the trade was financial. The Rangers sent Elvis Andrus, owed $14MM in each of 2021 and 2022, to Oakland in exchange for Davis’ expiring $16.75MM contract and a pair of prospects. (Texas is paying down $13.5MM of Andrus’ contract over the next two years). The deal allowed the Rangers to assume more money in 2021, when they didn’t expect to contend anyhow, to shave nearly $7MM off their 2022 books.
Ultimately, the Rangers didn’t give Davis much of a leash. He began the year on the injured list and received just 61 plate appearances- putting up a poor .157/.262/.333 slash line- before Texas cut bait.