After rumors swirled around the Rangers and their catching situation for weeks, Texas has decided to retain the backstop that finished the 2012 season with the team, agreeing to a one-year deal with Geovany Soto. The deal, which is now official, will pay Soto $2.75MM, with incentives giving him the chance to earn $3MM.

Soto, 29, had a .198/.270/.343 batting line with 11 home runs in 361 plate appearances for the Rangers and Cubs last season. The catcher, who earned $4.3MM in 2012, was non-tendered by Texas just days ago. Last year marked a significant dip in offensive production for Soto, so the Rangers will hope to see him get closer to his career slash line .248/.336/.437 in 2013.

Soto is represented by the Wasserman Media Group, as shown in MLBTR's Agency Database. With the former Cub off the market, A.J. Pierzynski headlines a fairly uninspiring group of free agent catchers.

Evan Grant of MLB.com reported the agreement between Soto and the Rangers, with Jon Heyman and Danny Knobler of CBSSports.com adding financial details. Luke Adams contributed to this post. Photo courtesy of U.S. Presswire.