Peters agreed to a minor-league contract with the Rangers on Wednesday, Evan Grant of The Dallas Morning News reports.
The 28-year-old was a well-regarded outfield prospect while he made his ascent through the Dodgers organization after entering the professional ranks in 2016, but he managed a lowly .197/.242/.422 slash line over 240 plate appearances during his lone season in the majors in 2021, which he split between the Dodgers and Rangers. He eventually moved on to the Korea Baseball Organization in 2022, only to return to affiliated ball in 2023 while making the conversion to pitching. He had a rough go in rookie ball last season with the Tigers' Florida Complex League affiliate, turning in a 6.23 ERA and 24:27 K:BB over 21.2 innings. Though Peters' initial results as a pitcher at the lowest rung of the minors weren't encouraging, the Rangers will bring him back for a second stint in the organization and see if they can unlock some of his potential on the mound.