David Price, Red Sox Agree On $217 Million Deal
David Price has reportedly reached an agreement on a seven-year, $217 million deal with the Boston Red Sox, reports the Boston Globe.
The deal will be equal out to $31 million annually, making the contract the most ever for a pitcher, and matches that of Tigers slugger Miguel Cabrera, according to ESPN.
The 30-year-old went 18-5 with an AL-leading 2.45 ERA last season with the Detroit Tigers and Toronto Blue Jays. He was second in the AL in pitching WAR at 6.0 in 2015.
Price's contract also has an opt out after three years with no deferred money. The yearly payout for Price is $30 million, $30 million, $30 million, $31 million, $32 million, $32 million and $32 million.
He spent the first six seasons of his career with the Tampa Bay Rays, where he had a Cy Young year in 2012. He posted a 82-47 record with a 3.18 ERA during his time with the Rays, before being dealt to Detroit in 2014... and then traded to the Blue Jays last season.