DALLAS — Reliever Darren Oliver and the Texas Rangers finalized a $3.5 million, one-year contract that includes a club option for 2011.

After spending the past three seasons with the Los Angeles Angels, Oliver starts his third stint with Texas. The 39-year-old left-hander began his career with the Rangers, pitching for them from 1993-98. He was back with Texas from 2000-01.
Oliver was 5-1 with a 2.71 ERA in 63 games last season. His deal includes a $3 million salary next year and a $3.25 million option for 2011 with a $500,000 buyout. The second year of the contract would become guaranteed if Oliver makes 59 appearances next season.
“Darren’s been one of the most effective, reliable relievers in the game over the past few years,” Rangers general manager Jon Daniels said Tuesday. “We know him well from his previous time with the organization and having faced him more recently, and we’re thrilled to add him to our staff.”