9:46pm: The Sox agreed to pay $4.5MM of the $6MM owed to Jenks for the 2012 season, writes Sean McAdam of CSNNE.com.
3:36pm: The Red Sox announced that they reached a contract termination settlement with Bobby Jenks and placed the right-hander on unconditional release waivers. Jenks has spent the 2012 season on the 60-day disabled list recovering from offseason back surgery.
Jenks signed a two-year, $12MM deal in December of 2010, not long after being non-tendered by the White Sox. Biceps and back injuries limited him to just 15 2/3 innings last year, when he walked nearly one batter per inning. The 31-year-old Legacy Sports Group client underwent two back surgeries this past offseason, and was arrested and charged with driving under the influence and leaving the scene of an accident this March.