7:24pm: Massarotti notes that the exact date of the deadline is still a bit fuzzy. Either way, he writes that "it is possible that a resolution will be unknown until early Saturday."
5:13pm: CBSSports.com is reporting that Varitek has only until Friday to accept or decline either deal.
12:12pm: A source told Massarotti Varitek can choose between a one-year, $5MM deal or the deal with a dual option for 2010.
8:19am: A summary of what we learned recently: the Red Sox made an offer to Jason Varitek for $5MM in ’09 plus a $5MM club/$3MM player option for ’10. The offer has a Saturday deadline attached, with Varitek and the team putting other options on hold until the situation plays out.
A new tidbit from Tony Massarotti: the offer was made near the end of last week. Massarotti still contends that Varitek may prefer a straight one-year deal.