9:23am: It is in Young's hands whether to waive his no-trade, tweets Salisbury. Jon Heyman thinks the Phillies are getting closer to an agreement, while Danny Knobler can see a resolution today.
8:06am: As of late last night Young had shown no interest in waiving his no-trade, tweets ESPN's Jayson Stark.
7:10am: There are signs that Young would be willing to waive his no-trade rights and accept a move to Philadelphia, writes Jim Salisbury of CSNPhilly.com.
12:55am: The Phillies' reported interest in Michael Young has picked up some steam, with Evan Grant of the Dallas Morning News reporting that the two sides are in "advanced talks."
In the proposed scenario, the Rangers would eat more than half of Young's $16MM salary to facilitate the trade, which would likely send a young Major League reliever and a low-level prospect back to the Rangers in exchange for the 36-year-old Young.
Young's name has dominated trade rumors in previous offseasons, but a move does seem more feasible now with just one year remaining on his contract and a potentially diminishing role in the Rangers' offense. Young received 651 plate appearances last season (his lowest total in a full season since 2002), batting .272/.312/.370 in the process. He saw time at all four infield positions, though Philadelphia would have interest in him as a third baseman.
Young, of course, has 10-and-5 rights after spending his entire 13-year career with the Rangers. As such, he'd have the ability to veto any trade the Rangers could attempt.