In a move that’s been expected since last Friday, the Red Sox today announced that the team has signed free agent catcher Jason Varitek to a one-year contract for the 2009 season with dual club and player options for 2010.
The Globe reported last Friday that an agreement between Varitek and the Sox was in place for a one-year, $5 million contract for the 2009 season. The deal includes a dual second-year option that allows the Sox to retain Varitek for $5 million in 2010; should the Sox decline the option, Varitek can exercise a right to return for a guaranteed $3 million, with the chance to earn an additional $2 million in incentives.
To make room for Varitek on Boston’s 40-man roster, first baseman/outfielder Jeff Bailey was outrighted to Triple-A Pawtucket. He elected for free agency and then re-signed with the club to a minor league deal with an invitation to major league spring training.