A decision is expected to be announced Wednesday on whether Oklahoma billionaire Edward L. Gaylord will exercise an option to buy controlling interest in the Texas Rangers.

"We probably will have something to announce tomorrow, probably in Dallas," Gaylord, reached by telephone at his Oklahoma City home Tuesday night by The Associated Press, said.Gaylord, whose Dallas-based Gaylord Broadcasting already owns 33 percent of the American League ballclub, has until Sept. 23 to match an offer by a group committed to bring professional baseball to Tampa, Fla.