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11/1/2013 5:28 P.M. ET

Rangers exercise 2014 option on Joe Nathan; Nathan declines player portion of option

Rangers closer in 2012-13 becomes free agent

Arlington, Texas — The Texas Rangers announced today that the club has exercised its portion of the 2014 contract option for right-handed pitcher Joe Nathan.

Following the exercising of the club option, the Rangers were informed that Nathan will decline the player portion of the 2014 contract option, making him a free agent.

Texas signed Nathan as a free agent to a two-year contract with a club option for 2014 in November 2011. Nathan received the player portion of the 2014 option due to the right-hander finishing 55 or more games in 2013 (61) and 100 or more games total in 2012-13 (123).  

Nathan, who turns 39 on November 22, went 6-2 with 43 saves and a 1.39 ERA (10 ER/64.2 IP) in 67 relief appearances for the Rangers this season.  It matched the second-highest save total ever by a Rangers pitcher, and his 1.39 ERA was the second-lowest single-season figure in team history (minimum 50.0 innings).  Nathan recorded his 300th career save on April 8 vs. Tampa Bay and ranks tied for 10th all-time with 341 saves, the most among active pitchers following the retirement of Mariano Rivera.

With the move, Texas has 33 players on its major league roster.

This story was not subject to the approval of Major League Baseball or its clubs.