Breaking news: Francona out as Red Sox manager

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Breaking news: Francona out as Red Sox manager

BOSTON -- A major league source has confirmed that Terry Francona and the Boston Red Sox have agreed to part ways.

Francona is meeting with team ownership at 10 a.m. The team has two options on Francona's contract, for the 2012 and 2013 seasons, which it has chosen not to exercise. Francona, however, is also ready to move on, and is in agreement with the decision.

More to come . . .

Merloni: Red Sox have more pitching depth than people think

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Merloni: Red Sox have more pitching depth than people think

Merloni recaps this week of Red Sox spring training.

Farrell: Loss of Ortiz can be made up for with pitching

Farrell: Loss of Ortiz can be made up for with pitching

Lou Merloni, Trenni Kusnierek and John Farrell talk about life without David Ortiz.