The Red Sox have cashed in on one of the most sought after free agents this offseason.
According to Ken Rosenthal of FOX Sports, lefty David Price has signed a seven-year deal with Boston for $217 million dollars. The extra kicker here is none of that money will be deferred meaning Price has tied the Major League record for the largest annual value at $31 million per with his former teammate in Detroit Miguel Cabrera.
Deal for David Price, as reported by @PeteAbe, would be seventh highest in baseball history and highest for a pitcher. Seven years, $217M.
— Ken Rosenthal (@Ken_Rosenthal) December 1, 2015
Confirmed: Price deal with #RedSox is seven years, $217M. No deferred money. Three-year opt-out.
— Ken Rosenthal (@Ken_Rosenthal) December 1, 2015
Average annual value of deal – $31M – would tie Miguel Cabrera for the largest in baseball history.
— Ken Rosenthal (@Ken_Rosenthal) December 1, 2015
So what does this mean for Greinke and that record? Here are Rosenthal’s thoughts…
Price’s $31M AAV might not be record for long. Greinke’s deal also could come soon. #Dodgers vs. #SFGiants, 5- or 6-year deal expected.
— Ken Rosenthal (@Ken_Rosenthal) December 1, 2015
Well if there’s one thing Dave Dombrowski is good at it’s spending other people’s money. Needless to say aside from Price, Greinke is probably a pretty happy guy this evening.
