Report: Sox closing on $100M deal with Pedroia

Report: Sox closing on $100M deal with Pedroia
July 20, 2013, 12:15 am
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Dustin Pedroia may be sticking around with the Red Sox for a while.

Gordon Edes Tweets that the Red Sox made a formal extension offer to Pedroia over the All-Star break. The contract could potentially be worth $100 million or more and would make Pedroia the highest paid second baseman in the league.

"Both sides are motivated to strike a deal," writes Yahoo! Sports' Jeff Passan.

Pedroia, a four-time All-Star, is hitting .316 this season and has a career-high .396 on-base percentage. He signed a six-year deal worth $40.5 million with the Red Sox in 2008, as the two sides were able to avoid arbitration for three seasons and free agency for two.

He is earning $10 million this season and scheduled to earn $10 million in 2014. The Red Sox have an $11 million option for the 2015 season, or the Red Sox could buy him out for $500,000.

"Whether the new contract would replace the leftover years or add onto them remains another negotiating point," Passan writes.

New York Yankees' second baseman Robinson Cano is in the last season of a six-year, $57 million deal, and if he enters free agency, is likely to earn a massive pay day. Cano opted to leave Scott Boras and signed with Roc Nation Sports earlier this year.

Pedroia, on the other hand, is signed with ACES. Passan said Pedroia's contract extension "could call for an annual salary in the $20 million range for a contract lasting five or six years" and would be similar to what Evan Longoria signed with the Tampa Bay Rays (six years, $100 million).