Sources have told ESPN’s Buster Olney that the Boston Red Sox and David Ortiz have reached an agreement to meet in the middle of their proposed arbitration figures. The deal would reportedly award Ortiz $14.575 million.
Ortiz, 36, had been interested in landing a multi-year-deal with the Red Sox. The seven-time All-Star reportedly received a two-year, $18 million offer from Boston in December, however that would have forced Ortiz to take a pay cut from the $12.3 million he earned in 2011.
Ortiz had a bounce-back year in 2011 by hitting .309/.398/.554 with 29 home runs and 96 RBI. His best year came in 2006 when he hit .287/.413/.636 with a league leading 54 home runs and 137 RBI.