USA Today's Bob Nightengale reports that the Phillies have acquired Michael Young from the Rangers.

(Listen to ESPNDallas.com Rangers Insider Richard Durrentt talk about Michael Young and Josh Hamilton)

(Listen to CSNPhilly.com Phillies Insider Jim Salisbury on the Sports Bash live from the Winter Meetings in Nashville)

After spending his entire career in Texas, Young projects to enter spring training as the Phillies' starting third baseman. The Rangers will save roughly $5 million in payroll that they can use towards signing Zack Greinke.

Young agreed to the trade after getting $1.2 million in benefits from the Rangers and a full no-trade clause from the Phillies. The Rangers are expected to cover $10 million of the $16 million owed to Young next season and receive right-hander Josh Lindblom and prospect right-hander Lisalverto Bonilla. You might remember Lindblom was acquired in the deal that sent Shane Victorino to the Dodgers last season.

The Phils would use Young at third base.  The 36-year-old has a no-trade clause and thus would have to approve any deal after hitting .277 with eight homers this past season and the Rangers, reportedly told him that his playing time will be cut in 2013, so he might not mind becoming the Phillies' starting third baseman.