Joc Pederson and the Texas Rangers have finalized a $37 million, two-year contract. The designated hitter-outfielder successfully completed a physical Monday.

The Texas Rangers have agreed to terms with slugging designated hitter Joc Pederson on a two-year pact worth $37 million, the team announced Monday. The deal contains an opt out after the first season.

Rangers continue their busy month of acquisitions, adding a left-handed power hitter to lengthy list of acquisitions.