Update on Varitek

The Red Sox have an offer with a deadline on the table for their captain and catcher. $5MM for 2009. It includes a team option for $5MM for 2010 and a player option for $3MM if the Red Sox decline the $5MM team option. This looks like a very good deal for both sides. Varitek gets security knowing he can finish up in Boston and save face. Boston gets its captain back at a fair price. I like it.

I expect this deal will be signed by Tuesday morning.

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