The Red Sox are in agreement with left-handed ace David Price on a seven-year, $217MM contract, reports Peter Abraham of the Boston Globe. The Bo McKinnis client will sign the largest contract for a pitcher in history when the deal becomes official, narrowly eclipsing Clayton Kershaw‘s $215MM contract with the Dodgers. Ken Rosenthal of FOX Sports reports that Price’s contract contains an opt-out deal after the third year of the contract, also noting that his $31MM average annual value ties Miguel Cabrera for the richest AAV in Major League history (links to Twitter).
Price, who turned 30 in August, is the consensus top free agent on this season’s market and gives the Red Sox the bona fide ace that many feel their rotation needs to function as a serviceable unit. He’s coming off a second-place finish in the American League Cy Young voting (Houston’s Dallas Keuchel took home first-place honors) after tossing 220 1/3 innings of 2.45 ERA ball with 9.2 K/9, 1.9 BB/9 and a 40.4 percent ground-ball rate. That type of production has come to be expected of Price, who has averaged 217 innings and a 2.97 ERA per season dating back to the 2010 season.