According to Ken Rosenthal of FOXSports, the Texas Rangers have placed right handed pitcher Scott Feldman on outright waivers and the waiver expires at 1pm ET.

Feldman made his final rehab start on Sunday and he was 3-1 with a 4.03 ERA in his rehab stint at Triple-A (he’s coming off microfracture knee surgery). If a team claims Feldman they will inherit his contract adds Rosenthal. He’s set to make $4.4 million this season, $6.5 million in 2012 with a $9.25 option for 2013.

Rosenthal says that Feldman could be a reasonable gamble for a team in need of starting pitching. In 2010, the right hander was 7-11 with a 5.48 ERA in 141.1 innings throughout 29 games, 22 starts.

Image by Keith Allison under the Creative Commons License.