Red Sox Exercise David Ortiz’s 2011 Option

The Red Sox exercised David Ortiz's $12.5MM option for 2011, according to Peter Abraham of the Boston Globe. Big Papi has continually voiced his desire for a multi-year deal, but he's only under contract for 2011 at this point. The sides could renegotiate the deal to cover 2012 and beyond if the Red Sox like the idea of keeping Ortiz in Boston.

The 34-year-old recently told Rob Bradford that he considers himself “one of the best hitters in the game” and he has some impressive numbers on his side. Ortiz was among the American League leaders in slugging (8th, .529), OPS (8th, .899), home runs (5th, 32) and walks (9th, 82) this year.

The Rangers declined their side of the $9MM option for DH Vladimir Guerrero yesterday.