Boston Red Sox Breaking News

The Boston Red Sox and Jason Varitek have finally come to terms on a deal that will keep Varitek in a Red Sox uniform for at least 1 year possibly 2.

Varitek, who turns 37 on April 11, will earn $5 million in 2009, with the club holding a $5 million option for 2010. If the Red Sox do not pick up that option, Varitek has the choice of remaining with the club on a $3 million deal. In ’10, he can earn another $2 million in incentives based on playing time, beginning at 80 games started.

The incentives apply to the player option only.

It’s such a great relief to see that this is all over. Now both sides can move forward.

It will be interesting to see though if the Red Sox still decide to pursue a trade for either Miguel Montero or Jarrod Saltalamacchia as they really don’t have a catcher of the future right now.

Varitek, Sox agree to deal [Extra Bases]

Update 3:55 PM: Michael Silverman of the Boston Herald has the details on the performance bonuses for 2010.

Here’s how Varitek’s bonuses in 2010 break down — he’ll receive $400,000 each for starts 80, 90, 100, 110, and 120, for a maximum of $2 million.