Rangers agree to buy Carolina League team

The Texas Rangers have finally completed their pursuit of a Carolina League home for their High A team, announcing Monday that they have reached an agreement to purchase controlling interest of an expansion franchise to be located in Kinston, N.C.

The Rangers will begin playing in Kinston in 2017, ending that city’s six-year drought without a team. The existing Grainger Stadium will undergo a multiyear renovation that will include new clubhouses, a weight room and improvements to concession areas before next season.

The Rangers have been searching for a Carolina League club to purchase since their four-year agreement with Myrtle Beach ended after the 2014 season. The Rangers’ High A team is finishing its second season in the California League at High Desert, home to one of the most hitter-friendly parks in the minor leagues.　

Martinez demoted

The Rangers cleared a spot on the 25-man roster for left-hander Derek Holland by optioning right-hander Nick Martinez to Triple A Round Rock.

Holland is scheduled to come off the 60-day disabled list Tuesday and start the opener of a two-game interleague series at Cincinnati. The Rangers will have to clear a spot on the 40-man roster to activate Holland, who hasn’t pitched since June 20.

This story was originally published August 22, 2016 at 4:47 PM with the headline "Rangers agree to buy Carolina League team."