David Ortiz has reached agreement with the Red Sox on a two-year, $26 million contract with incentives that could raise the value of the deal to $30 million. The sides reached agreement on Friday night and was confirmed by a source with direct knowledge of the situation. As fully anticipated, the Red Sox extended a qualifying offer to prospective free agent David Ortiz Friday night, ensuring that, at the very least, the Sox will get a compensation pick should Ortiz sign elsewhere. The offer -- which is standard across the board, regardless of 2012 performance or any other factor -- is worth $13.3 million, or the average of the top 20 percent of highest-paid players in game last season. Ortiz has until next Friday to accept or decline. If he accepts, he agrees to play 2013 for that $13.3 million figure. If he declines, he can still negotiate with the Red Sox. Should the Sox lose Ortiz to another team, they will receive a sandwich pick after the first round.
Ortiz signs two-year deal with Red Sox
NBC Sports Boston | Nov 2