UPDATE: Sean McAdam of CSNNE.com reports that the deal is worth $82.5 million.
As for the contract details, Porcello will get a $500,000 signing bonus to go along with salaries of $20 million in 2016 and 2017 and $21 million in 2018 and 2019. The deal sets him up for another potential big payday after his age-30 season.
It seems a little steep for what Porcello has done until this point, but he’s still very young and likely would have found a bigger deal in free agency this winter if he duplicated what he did last year. Everybody’s happy.
Porcello wrote about his extension in a piece at the Players’ Tribune. You can read about it here.
7:48 p.m. ET: On the heels of a report yesterday that the two sides were going to table negotiations until the offseason, the Red Sox just announced that they have agreed…
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