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Source: Red Sox exercise $13 million option for Jon Lester

11.01.13 at 5:40 pm ET

According to a Major League source, the Red Sox have exercised the $13 million option for Jon Lester for the 2014 season.

Lester recently concluded the fifth year of a five-year, $30 million contract that had a team option for the 2014 season. The Sox had until midnight Saturday night to determine if they were going to pick up Lester’s option.

The 29-year-old has spent his entire eight-year career with the Red Sox. Last season, he went 15-8 with a 3.75 ERA over 213 1/3 innings in the regular season. Lester went 4-1 and allowed six runs over five postseason starts in the team’s postseason run to a World Series championship.

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