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Wakefield, Sox Agree on New Two-Year Deal

11.09.09 at 2:23 pm ET

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 million in ’10 and $1.5 million in ’11 — with the opportunity to earn various incentives that could bring the package’s total worth to approximately $10 million over the two years.

It is believed that if Wakefield meets all of his incentives, he would fall approximately $1 million short of matching what he would have made if the options were picked up in each of the next two seasons. Wakefield originally signed a one-year deal with recurring team options of $4 million every season — a one-of-its-kind contract — during the 2005 season, with the deal becoming effective starting for the 2006 season.

Wakefield underwent surgery on a herniated disc in his back last month, but is expected to be ready to be fully ready for spring training.

The new deal could allow Wakefield to accomplish his goal of breaking the record for most wins in a Red Sox uniform by a pitcher (192), which is currently shared by Cy Young and Roger Clemens. The knuckleballer will enter ’10 with 175 wins as a member of the Sox. He has also stated a goal of reaching 200 wins, which could be accomplished in the coming season. His current career win total stands at 189.

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