Cruz, 31, is coming off a solid season last year with the World Series runner-ups, as he hit .263 with 29 home runs and 87 RBIs.
Cruz was also the ALCS MVP after his big performance to knock off the Detroit Tigers, where he had a record six home runs and 13 RBIs.
"I'd like to be a Ranger for life," Cruz said last week during the Caribbean World Series in the Dominican Republic. "I like the city, the team and the fans. Arlington is my second home."
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