The Texas Rangers acquired first baseman Prince Fielder and cash considerations from the Detroit Tigers for second baseman Ian Kinsler, the Rangers confirmed Wednesday night.
The trade agreement was first reported by CBSSports.com.
Tigers general manager Dave Dombrowski called his counterpart in Texas, Jon Daniels, Tuesday morning and floated the idea of trading Fielder for Kinsler.
"Dave called yesterday and threw out the concept," Daniels said. "We had a little dialogue before on it. From there, David and I had a series of phone calls and both sides were interested and we got the money where both sides could live with it."
It was made official Wednesday evening. As part of the deal, the Tigers are sending $30 million to Texas to offset Fielder's cost, senior baseball analyst Keith Law confirmed. Fielder had to approve the deal and did.
Fielder still has $168 million due to him over the next seven seasons, so Texas will pay him $138 million over that period.
Kinsler is guaranteed $62 million over the next four seasons, which includes a $5 million buyout on his 2018 club option. In total, Detroit will pay $92 million in the deal -- $62 million to Kinsler and $30 million to Texas for Fielder.