9:48pm: Feliz has elected free agency, Cotillo tweets. There will obviously be interest in his services, particularly as he has maintained his mid-90s velocity, though it remains to be seen whether Feliz will receive any immediate opportunities at the major league level.

1:39pm: Rangers righty Neftali Feliz has cleared outright waivers, SB Nation’s Chris Cotillo tweets. Feliz was designated for assignment last Friday.

The 27-year-old Feliz is playing on a $4.13MM arbitration deal this year and remains controllable for a final year in 2016. That obligation, combined with the sub-par performances that led to the DFA, likely ensured that he would not be claimed.

Because Feliz has topped five years of service at this point, after entering the year with 4.151 to his credit, he can choose to elect free agency without giving up his remaining salary. Per the report, Feliz is still deciding whether or not to take an assignment with Texas.

One one of the game’s more exciting young pen arms, Feliz has scuffled this season to a 5.09 ERA with 7.6 K/9 and 4.6 BB/9. Though he’s had much better results in recent seasons, it has been some time since Feliz rated well in the eyes of ERA estimators. He has not dipped below the 4.00 mark by measure of SIERA since the 2011 season, after which the Rangers unsuccessfully sought to move him into the rotation.

[RELATED: Rangers To Sign Cuban Free Agent Andy Ibanez]