CBS SPORTS – Rangers infielder Michael Young has been traded to the Phillies,’s Jon Heyman and Danny Knobler have each confirmed. The trade required Young to waive his 10-and-5 rights, which, reports Bob Nightengale of USA Today, Young agreed to do in exchange for $1.2 million in undisclosed benefits. Young now becomes the Phillies’ every-day third baseman.

Heyman reports that the Rangers will pick up more than half of Young’s $16 million salary for 2013. As such, commissioner Bud Selig will need to approve the deal. He’s expected to do so.

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