The Red Sox and Clay Buchholz have agreed to a four-year contract extension, worth approximately $30 million. A formal announcement will be made later today.
The contract -- a similar arrangement to the one the team made with Jon Lester in 2009 -- buys out Buchholz's three arbitration-eligible years and one year of free agency (2012-15). It also has options for 2016 and 2017.
Buchholz turns 27 this August.