BOSTON The Red Sox have signed right-hander Clay Buchholz to a four-year extension through the 2015 season, with club options for 2016 and 2017.
According to CSNNE.coms Sean McAdam, the deal could be worth 55.2 million over the course of its life. Buchholz is set to earn 3.5 million in 2011, 5.5 million in 2013, 7.7 million in 2014, 12 million in 2015, with club options for 13 million in 2016 and 13.5 million in 2017.
The Red Sox acquired Buchholz, 26, in the supplemental round of the 2005 draft as compensation for losing Pedro Martinez to the Mets in free agency. Buchholz is 29-23 with a 3.68 ERA in his career. In 2010 he posted a record of 17-7, with a 2.33 ERA, second in the American League behind Felix Hernandezs 2.27. With Jon Lester, he was named Red Sox pitcher of the year. In August, he went 4-0 (1.03) in six starts and was named AL pitcher of the month.
This season, he is 0-2 (7.20) in two starts.
"Very happy for Clay and happy for the ballclub," said Sox general manager Theo Epstein. "We see Clay as homegown, a core member of this ballclub. This is similar to deals we did with Jon Lester, Dustin Pedroia, and Kevin Youkilis, and we expect Clay to be here for a long time and be a part of winning clubs.
This allows him to go out and focus on the mound and do what he does best. It gives Clay and his family great security and gives the club cost control and control deeper in Clay's career than arbitration would have afforded."
Epstein said the deal was negotiated by assistant general manager Ben Cherington and Buchholzs agent, who joined him at Fenway Park for the announcement. Buchholzs wife Lindsay, their daughter Colbi, and his parents were also there.
"I think security is what every players wants, Buchholz said. Being drafted by the Red Sox, it's the only place I've been. It's been a pleasure working with the front office. My family has been supportive of everything. Going forward, security is a big thing for us."
Buchholz said he considered going year to year, as Jonathan Papelbon, who will be a free agent after this season, has chosen to do.
I gave it a lot of thought, he said. It was a difficult decision in that aspect of it. You play this game to be secure and make money because you cant play baseball forever. If it was just me, and I didn't have a wife or kid, it might have been a decision we would have thought about more. I knew what my heart was telling me and what my family wanted."
Maureen Mullen is on Twitter athttp:twitter.commaureenamullen