The Red Sox and closer Jonathan Papelbon have agreed to a one-year deal worth $775,000.Michael Silverman, Herald:
That's more than closer Bobby Jenks got with a similar amount of service time, as he signed a $550,000 contract. Papelbon was looking for a deal in the range of $900,000 ... but he got a significant bump over his $425,550 salary from last season.
Jonathan Papelbon should be happy becoming the highest-paid reliever with two-plus years of service time ever after agreeing to terms for a 2008 contract.The team and Dustin Pedroia agreed on a 2008 salary of $457,000; FY made the MLB minimum of $380,000 last year.
The one-year deal is worth $775,000, according to a baseball source, breaking the $750,000 benchmark set by Mariano Rivera with the Yankees before the 1998 season.
The salary is the second-highest ever for a pitcher with two-plus years of experience. Ismael Valdez was signed by the Dodgers for $900,000 in 1997.