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fullcount.weei.com - 18 days ago

Wakefield, Sox Agree on New Two-Year Deal

— fullcount.weei.com — The Red Sox have chosen not to pick up Tim Wakefield’s $4 million option for the 2010... season; instead, the team and the pitcher have come to terms on a two-year deal. The new contract will pay the 43-year-old a guaranteed $5 million — $3.5 ... (more) Wakefield, Sox Agree on New Two-Year Deal

MLB

Boston Red Sox

Tim Wakefield

Cy Young

Roger Clemens

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mlbtraderumors.com - 18 days ago

Red Sox, Wakefield Renegotiating Contract

— mlbtraderumors.com — The Red Sox have held (and exercised) a perpetual $4MM option for knuckleballer Tim Wakefield since 2005,... but now Tony Massarotti of The Boston Globe reports that the two sides are renegotiating the deal after Wakefield had surgery to remove disc ... (more) Red Sox, Wakefield Renegotiating Contract

MLB

Boston Red Sox

Tim Wakefield

Roger Clemens

Cy Young

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soxanddawgs.com - 18 days ago

Wakefield Re-Signed For Two Years; Varitek’s Option Declined

— soxanddawgs.com — Rather than exercise the annual $4 million option on Tim Wakefield, the Boston Red Sox have re-signed... him to a 2-year deal worth $7 million. They also announced they have declined the $5 million option on Jason Varitek’s contract. Varitek still holds a $3 million team option that ... (more) Wakefield Re-Signed For Two Years; Varitek’s Option Declined

MLB

Boston Red Sox

Tim Wakefield

Jason Varitek

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The Bottom Line:  Red Sox tweak Wakefield’s option

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#redsox Extra Bases: Red Sox throw Wakefield a change-up: The Red Sox did some cost-cutting with Tim Wakefield today... http://bit.ly/1Ok7mA 18 days ago

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Red Sox tweak Wakefield’s option
The Bottom Line — ... Extra Bases: 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. ...