| 19 January 2010
WEEI.com is reporting that Jonathan Papelbon and the Red Sox have agreed on a one year deal wirth $9.35 million.
This deal will make Paps the highest paid closer withing the first four years of service, passing Eric Gagne's mark of $8 million. It also means he will be set to command $12+ million in 2011 and be on pace to earn the Mariano Rivera-type deal he has been waiting for when he becomes a Free Agent in 2012.
This deal also inches the Red Sox closer to the estimated $170 million CBT luxry tax ceiling, leaving little room for raises for Manny Delcarmen, Ramon Ramirez and Jeremy Hermida.
Bottom Line: Earlier today we discussed how this kind of deal would affect Papelbon's future here in Boston. I still contend that he will be traded before he becomes a free agent - especially if Daniel Bard has a big season this year.
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