The Boston Red Sox have agreed to a record seven-year, $217 million contract with left-handed pitcher David Price, one of the top starting pitchers available in the free agent market, The Boston Globe reported on Tuesday.
Price went 18-5 with a 2.45 earned run average in 32 starts for the Detroit Tigers and Toronto Blue Jays last season.
The 30-year-old Price, who won the Cy Young Award winner as the top pitcher in the American League in 2012 with the Tampa Bay Rays, is 104-56 with a 3.09 ERA over eight seasons and has been named to five All-Star teams.
The deal would be the largest ever for a pitcher, narrowly topping Clayton Kershaw’s $215 million extension with the Los Angeles Dodgers in 2014.
Price was considered the top pitching target this offseason along with Zack Greinke, who spent last season with the Dodgers.
It has been a hectic couple of seasons for Price.
Price was dealt by Tampa Bay to the Tigers at the 2014 trade deadline and spent one calendar year with Detroit, going 13-8 with a 2.90 ERA before the club fell out of contention and sent him to Toronto for three prospects at last season’s deadline.
The hard-throwing lefty went on to play a big role in propelling the Blue Jays to their first playoff berth since 1993. Price was 9-1 with a 2.30 ERA in 11 starts as Toronto charged to the American League East title.
Former Detroit president and general manager Dave Dombrowski was fired five days after making that trade and has since joined Boston as their president of baseball operations.
One cloud over Price has been his postseason record.
Despite all his regular season success, he is 2-7 with a 5.12 ERA in 14 career playoff games.
Price has good memories of pitching at Boston’s Fenway Park, going 6-1 with a 1.95 ERA in 11 career starts there.
The signing is the second major move this offseason by Boston to bolster a pitching staff that combined for a 4.39 ERA last season, third highest in the American League.
Last month, the Red Sox traded four prospects to San Diego for closer Craig Kimbrel.
According to Ken Rosenthal of Fox Sports, Price’s contract includes an opt-out clause after three seasons.
The Minnesota Twins signed power-hitting first baseman-designated hitter Byung-ho Park to a four-year, $12 million contract with a $6.5 million club option for 2020, according to reports.
The Twins also will pay a $12.85 million posting fee to his Korean team, the Nexen Heroes, bringing their total investment to $24.85 million for the 29-year-old. Minnesota won a blind auction with other major league teams for the rights to bid on Park.
Park blasted 53 home runs and had a .714 slugging percentage in Korea in 2015.
Dave Roberts was formally introduced as Los Angeles Dodgers manager.
Roberts repeated his gratitude to management for bringing him back to Dodger Stadium, where he appeared as an outfielder during his 10 major league seasons.
He was back in a Dodgers uniform as the franchise ushered in a new era and moved on from a split former manager Don Mattingly said was mutual. He was joined by general manager Farhan Zaidi, president of baseball operations Andrew Friedman and owner Magic Johnson. Roberts is the first minority manager in team history.
Free agent reliever Joba Chamberlain signed a minor-league contract with the Cleveland Indians.
Chamberlain will attend spring training with the Indians. He spent last season the Royals, Blue Jays and Tigers. The 30-year-old has a 25-21 career record with a 3.87 ERA in nine seasons mostly as a reliever.
Right-hander Johnny Cueto turned down a six-year, $120 million offer from the Arizona Diamondbacks.
FOX Sports reported Cueto, 29, was offered the contract on the same day starting pitcher Jordan Zimmermann landed a five-year, $110 million deal with the Detroit Tigers. Cueto was traded from the Cincinnati Reds to the Kansas City Royals in July.
A 20-game winner in 2014, Cueto was 11-13 with 3.44 ERA with the Reds and Royals last season. In Kansas City, he was 4-7 with a 4.76 ERA. He threw a complete game two-hitter against the New York Mets in Game 2 of the World Series.
Right-hander Joe Wieland and the Dodgers avoided arbitration by reaching agreement on a one-year, $590,000 contract.
The 25-year-old made two starts for the Dodgers last season and give up eight runs and 10 hits in 8 2/3 innings. He has pitched in 11 career major league games and has a 1-5 record with a 5.85 ERA. In 22 appearances for Triple-A Oklahoma City in 2015, Wieland posted a 10-5 record with a 4.59 ERA.
Left-hander Tim Collins and the Kansas City Royals avoided salary arbitration with a one-year, $1.475 million contract agreement.
The 26-year-old missed the 2015 season after undergoing Tommy John elbow ligament reconstruction surgery. His salary will be the same in 2016 as it was in 2015. The Royals are expected to use Collins in a middle relief role next season once he is healthy. In 228 career appearances, he has a 12-17 record with a 3.56 ERA.