Jon Lester #31 of the Boston Red Sox blows a bubble during warm ups before game six of the American League Championship Series against the Tampa Bay Rays during the 2008 MLB playoffs on October 18, 2008 at Tropicana Field in St Petersburg, Florida.  (Photo by Doug Benc/Getty Images)

According to Jeff Passan of Yahoo! Sports, the Boston Red Sox and Jon Lester have agreed to a 5-year, $30 million extension with a team option for 2014. The deal buys out all of Lester’s arbitration years and first two years of free agency.

Next up for Lester is passing a physical on Tuesday to make the deal official. Lester had been the last player that the Red Sox had not signed for 2009.

In 60 games (59 starts), Lester is 27-8 with a 3.81 ERA. In 354 2/3 innings, Lester has 262 strikeouts and has issued 140 walks. In 31 games at Fenway (30 starts), Lester is 16-2 with a 3.30 ERA.

Lester joins teammates Dustin Pedroia and Kevin Youkilis who were both signed to long-term extensions by the club.