BOSTON (AP) — The Boston Red Sox and ace pitcher David Price have agreed to a deal worth $217 million over seven years, a person familiar with the negotiations told The Associated Press.
The person spoke on condition of anonymity Tuesday night because the deal has not yet been signed and is pending a physical.
According to a report, the Cardinals offered around $30 million less than Boston but were considered the lead contenders for Price Tuesday morning. However, the Red Sox swooped in and offered Price around $217 million, the report said. Had Price signed with the Cardinals, it would have been the richest contract in franchise history.
Price has a 3.09 ERA in eight major league seasons with 1,372 strikeouts and 104 wins. The left-hander was traded from Detroit to Toronto last season as the Blue Jays made a playoff push in the AL East. One year earlier, he was traded to Detroit from Tampa Bay, where he spent the early part of his career.
Price is a serious upgrade for the Red Sox pitching staff, which struggled last season as Boston finished 78-84, last in the division.