10:03pm: Gorden Edes of ESPNBoston.com (via Twitter) says that the teams could revisit the deal at some point, though the Rangers can find a right-handed power bat elsewhere.
8:51pm: The exact injury is a torn radial collateral ligament on the right thumb. Lowell will undergo surgery on it shortly after Christmas, and it will require 6-8 weeks of recovery, says Rob Bradford of WEEI.
8:07pm: The trade of Mike Lowell to the Texas Rangers has been called off, writes Peter Abraham of the Boston Globe (via Twitter). The third baseman will require surgery for the torn ligament in his right thumb.
The deal, which has been talked about for some time, would have sent catcher Max Ramirez to the BoSox in exchange for Lowell. In addition, Boston would have paid $9MM of the $12MM owed to the soon-to-be 36-year-old.
Assuming that they are unable to move Lowell this offseason, do you see any scenario in which they could still sign Adrian Beltre or land Adrian Gonzalez? Let's hear your thoughts in the comments.