Papelbon not heading to a hearing
|01.19.10 at 2:06 pm ET|
Jonathan Papelbon has a one-year deal in place with the Red Sox that would be in the neighborhood of $9 million. (Update: The deal is for $9.35 million, with Papelbon getting a $50,000 bonus for 60 games finishes — he finished 59 in 2009.)
The parameters of the deal evidently were reached just prior to the noon deadline for the two sides to exchange arbitration figures, as was also the case last year.
Papelbon would become the highest paid closer with four-year service time, surpassing Eric Gagne’s mark of $8 million annually. Some other comparable contracts earned by four-year closers were Bobby Jenks ($7.5 million), Mariano Rivera ($7.25), and Francisco Rodriguez ($7.1). Rodriguez would make a record $10 million in his third year of arbitration eligibility.
Multiple reports also suggest relievers Manny Delcarmen and Ramon Ramirez have avoided an arbitration hearing by agreeing to one-year deals with the Red Sox. It would leave outfielder Jeremy Hermida as the only arbitration-eligible player on the Sox to not have inked a deal.
Latest from Bleacher Report
- Updates on Xander Bogaerts' Wrist and Return
- Latest Updates on Joe Kelly's Injury
- Even Price Can't Stop Red Sox Rotation Giving Bad Feeling of Deja Vu
- Sandoval's Ex-Trainer Says He Has Eating Problem
- Ortiz Closing in on Top 25 in Career Home Runs
- Updates on Red Sox Star Pablo Sandoval's Injury
- Ortiz Looks Determined to Go out with a Bang
- Cup of Coffee: Benintendi powers Salem past Frederick
- SoxProspects Featured Video: Michael Chavis
- Cup of Coffee: Kyri Washington rips pair of doubles in Greenville loss
- Cup of Coffee: Cuevas, Swihart lead Pawtucket on a light night
- Michael Chavis placed on disabled list with torn thumb ligament (UPDATE: report rescinded)
- Weekly Notes: Light, Cuevas get first-time call-up
- Cup of Coffee: Lakins shoves, Drive bats come alive
- Red Sox recall Light and Owens for Sunday night tilt
- Cup of Coffee: Longhi stands out as affiliates are swept
- Cup of Coffee: PawSox, Ockimey continue hot streaks