Report: Buchholz agrees to extension

By Peter Abraham, Globe Staff

The Red Sox have signed Clay Buchholz to a four-year extension worth in the area of $30 million according to Jon Paul Morosi of Fox Sports.

The deal sounds similar to the one the Sox signed Jon Lester to in 2009.

UPDATE, 4:00 p.m.: A Major League source confirmed the deal to the Globe. The contract included two team options. Lester’s deal has one.

So the Sox have Buchholz wrapped up through at least 2015 and have options through 2017. The deal will be formally announced later today.

UPDATE, 5:15 p.m.: Buchholz said the deciding factor in taking the $30.5 million deal was wanting to take care of his wife and infant daughter.

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Theo Epstein was happy with the length of the deal and cost certainty for the Sox. Buchholz is tied up through 2014, the final year for Josh Beckett and John Lackey.

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