Red Sox, Lester Announce Extension

5:22pm: WEEI Alex Speier has the year-by-year breakdown of Lester’s deal.  He’ll be paid pretty well over the next five years.

11:08am: Gary Dzen of reports the Red Sox have announced the five-year deal. No details were given.

10:41am: Ron Borges of the Boston Herald reports the Red Sox and Jon Lester are expected to announce the signing of his $30MM extension this morning. The extension is expected to include a $13MM club option for 2014.

The cat was out of the bag last Sunday when Yahoo! Sports’ Jeff Passan had the scoop.

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