David Oritz, Red Sox Close On New Two-Year Contract

October 23, 2012 12:58 PM
David Oritz, Red Sox Close On New Two-Year Contract
" BOSTON (CBS) — Big Papi is not going away any time soon.

The Boston Red Sox are close to agreeing on a two-year contract with the designated hitter who will turn 37 next month. WBZ-TV’s Dan Roche reported that “it’s a formality that he will sign a two year deal worth $22-26 million dollars” and that “the two sides [are] still talking.”

“When I asked David about a possible deal today, he said ‘hopefully’ and smiled,” Roche tweeted on Tuesday.

The story was first reported by Gordon Edes of ESPNBoston.

The report says that the length of the deal “has already been agreed upon … but the sides are still haggling on compensation.” Edes reports the deal will be around $25 million, though the Red Sox are hoping to make it “a few million less.”

The deal could be announced formally by the end of the week.

Ortiz was scheduled to become a free agent following the conclusion of the World Series.

Earlier on Tuesday, the Red Sox introduced John Farrell as their new manager "

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