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The Boston Red Sox have struck a deal with starting pitcher Tim Wakefield. The contract is worth a guaranteed $5 million over the next two seasons, with contract incentives that could bring it up to $7 million. The Sox usually exercise Wakefield’s recurring $4 million deal each season, but after back surgery, they wanted to go a safer route, and Wakefield seemed to have no arguments about it.
Also, the Red Sox have declined the $5 million option on catcher Jason Varitek. The former All-Star now has five days to exercise his one-year player option for next season, worth $3 million. If Varitek wants to stay in Boston, then his future with the Sox is in his hands.