Extra Bases

Red Sox throw Wakefield a change-up

The Red Sox did some cost-cutting with Tim Wakefield today according to sources. Rather than pick up his $4 million option for 2010, they signed him to a $3.5 million deal. He also will get a $1.5 million deal for 2011 that includes incentives.

This replaces the perpetual $4 million option Wakefield had. So instead of the knuckleballer costing $8 million over the next two seasons, it’ll be $5 million. The incentives could add another $2 million.

According to WEEI.com, the Sox declined the $5 million team option for Jason Varitek. The player now has four days to decide whether to exercise his $3 million option or become a free agent.

The question is whether Varitek and agent Scott Boras believe he can get a job as a starter with another team. Otherwise, $3 million is high end for a backup.

Theo Epstein will be meeting with Boston reporters later in today, so check back later for more information.

Jump To Comments

Conversation

This discussion has ended. Please join elsewhere on Boston.com