Done deal: Rangers acquire Cole Hamels

Cole Hamels is officially a member of the Texas Rangers.

The eight-player trade for the ace left-hander was finalized Friday morning after a review of the insurance polices was completed, according to a source, and Hamels will arrive later today Globe Life Park.

The Rangers acquired him, lefty reliever Jake Diekman and cash for lefty Matt Harrison and five prospects — catcher Jorge Alfaro, outfielder Nick Williams and right-handers Jake Thompson, Alec Asher and Jerad Eickhoff.

Alfaro, who is injured, Williams and Thompson were rated as top-10 Rangers prospects.

Hamels, 31, is expected to start Saturday in the rotation spot created by trading Harrison, who has around $32 million on his contract. Shipping away that money plus the $9.5 million reportedly coming from the Phillies will help the Rangers pay for Hamels, who is guaranteed $85 million through 2018.

The annual non-waiver trade deadline arrives at 3 p.m. Friday. The Rangers were still talking to teams about a part-time player who bats right-handed as well as righty Yovani Gallardo, who continued to draw interest and was willing to waive his no-trade protection for a trade to Toronto.

This story was originally published July 31, 2015 at 10:44 AM with the headline "Done deal: Rangers acquire Cole Hamels."