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Ken Rosenthal of FOXSports notes that the Rangers have not made an offer to Oswalt, and that the Astros, Oswalt's old team could also be a possibility.
Oswalt had received heavy interest from the Red Sox and Tigers, with the Tigers supposedly offering the right hander a one-year $10mm deal yesterday that he turned down.
In 2011, Oswalt went 9-10 while posting a 3.69 era in 139 innings with the Phillies. He did average a career low with 6.0 strike outs per 9 innings and is coming off a series of injuries. Oswalt earned $16mm last season and made $1,777,777.78 for every win or $172,043,01 for every strikeout.
Image taken by Matthew Straubmuller and used under the Creative Common License Agreement.