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Source: Ortiz, Red Sox close to $50M deal

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Article

 

MIAMI -- Dominican David Ortiz is about to sign a $50 million extension of his contract with the Boston Red Sox, a family member told ESPNdeportes.com.

 

If the new contract is finalized, "Big Papi" would earn an average $12.5 million per year from 2007 to 2010.

 

"David will get more than $50 million if he signs this extension, which would run until 2010," said the source.

 

"He is very happy, although there are still some details that need to be worked out," added the source.

 

A representative of the SFX agency, which manages Ortiz, declined to provide details of negotiations with the Red Sox.

 

"We're negotiating, that's something everyone knows, but we're still not prepared to make any kind of announcement. There's no deal yet," Fitzgerald Astacio told ESPNdeportes.com.

 

Since he joined Boston from Minnesota in 2003, Ortiz, 30, has become one of the most productive players in the Major League Baseball.

 

The designated hitter has 119 home runs and 388 RBI in three seasons with the Red Sox.

 

Last season he was second to Alex Rodriguez, of the New York Yankees, in the American League MVP race, batting .300 with 47 home runs and 148 RBI.

 

Ortiz was voted MVP of the AL Championship Series in 2004, when Boston came back from an 0-3 deficit to defeat the Yankees in seven games and advance to the World Series. The Red Sox then swept the St. Louis Cardinals for their first title since 1918.

 

Ortiz will earn $6.5 million in 2006, the second year of a two-year, $12.5 million contract signed in May 2004. The team has a $7.7 million option on him for 2007.

 

He has been asking for an extension since the winter break started.

 

Last Tuesday, Ortiz said he would leave negotiations in the hands of his agents and that he wouldn't take an active part in the process.

 

Enrique Rojas is a reporter and columnist for ESPNdeportes.com and ESPN.com.

Finally will get paid what he is worth.

 

Good for him. Worked his ass off and changed his approach to his craft and is excelling as well as anyone.

 

40 HR and 129 RBI a year average for the past 3 years is disgusting.

 

Looking forward to seeing you knock 'em out for the next 5 seasons Papi.

 

Edit: Or, not yet.

  • 2 weeks later...

The Red Sox have called a 3 p.m. ET press conference, at which time they will announce a four-year contract extension with an option for 2011 for slugging designated hitter David Ortiz.

 

Ortiz said in January that he'd love to sign a new deal that would keep him in Boston. The left-handed designated hitter has a club option for 2007, capping off the extension he signed in May 2004.

 

Ortiz's career has blossomed since coming to the Red Sox. After hitting 31 home runs with 101 RBIs in 2003, followed by a 2004 season in which he helped the Red Sox win the World Series with 41 homers and 139 RBIs, he enjoyed a third consecutive career year in 2005.

 

The 30-year-old Ortiz cemented his status as one of the elite sluggers and clutch performers in the game by batting .300 and establishing career highs with 47 home runs, 148 RBIs, 119 runs, 102 walks, a .604 slugging percentage and a .397 on-base percentage last season.

 

He was named team MVP for the second consecutive year by the Boston chapter of the Baseball Writers Association of America and finished second to Alex Rodriguez in American League MVP voting (listed first or second on every ballot cast). He won the Hank Aaron Award, his second consecutive Silver Slugger Award, and received the Edgar Martinez Award as the top DH in the American League for the third straight year.

 

Ortiz won the Players Choice Award as the AL's Outstanding Player, led the Majors in RBIs and ranked among AL leaders in extra-base hits (first with 88), home runs (second with 47, just one behind Rodriguez), slugging (second at .604), RBI ratio (second with 1:4.1 at-bats), walks (second with 102, 27 more than his previous best from 2004), total bases (third with a career-high 363), runs (third with 119), home run ratio (third with 1:12.8 at-bats) and on-base percentage (fourth at .397).

 

He was elected to start the All-Star Game at DH as the leading vote-getter in the Majors, his second trip to the Midsummer Classic and first start.

http://mlb.mlb.com/NASApp/mlb/news/article...t=.jsp&c_id=mlb

wow nice contract....can't believe he's only getting 6.6 million this year..he's worth three times that

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