David Price and Boston Red Sox have agreed to a record seven-year, $217 million deal. Price’s hefty contract sets the record for pitchers, eclipsing the $215 million extension that Clayton Kershaw signed with the Los Angeles Dodgers in January 2014.
David Price, 30, has an opt-out option after three seasons. The southpaw is coming off an incredible 2015 season in which he pitched to a 2.45 ERA and 4.79 K/BB ratio in 220 1/3 innings for the Detroit Tigers and Toronto Blue Jays.
Price, who won won the AL Cy Young Award in 2012, has worked at least 200 innings in five of the last six seasons.
The news was first broken by CBS Sports. Price’s $31 million average annual value of the contract matches that of Detroit Tigers’ Miguel Cabrera.
The Red Sox had a forgettable season in 2015, finishing 78-84 and in last place in the AL East. Pitching is one of their primary weaknesses, and the signing of Price is to address the same. Boston started 12 different pitchers last season, with none of them reaching even 200 innings. Their rotation leader in WAR, Clay Buchholz, finished with a mark of 2.6, made just 18 starts.
After being acquired by the Blue Jays at the trade deadline, Price went 9-1 with a 2.30 ERA for Toronto. However, he had a terrible postseason, finishing with a 6.17 ERA and a 1-2 mark.
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