David Price, Boston Red Sox agree on 7-year, $217 million contract

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David Price agrees to join Red Sox. (Photo/USA TODAY Sports)
David Price agrees to join Red Sox. (Photo/USA TODAY Sports)
DAVID PRICE | David Price agrees to join Red Sox. (Photo/USA TODAY Sports) David Price David Price, Boston Red Sox agree on 7-year, $217 million contract DavidPrice
David Price agrees to join Red Sox. (Photo/USA TODAY Sports)

The Boston Red Sox and left hander pitcher David Price have agreed on Tuesday on a seven-year contract worth $217 million.

The deal is the largest contract for a pitcher in Major League Baseball (MLB) history. More than $2 million over what the Los Angeles Dodgers paid Clayton Kershaw.

Price is coming off a 2015 season where he posted a 18-5 record with 225 strikeouts, a 2.45 ERA, 1.076 WHIP, and a single shutout between the Detroit Tigers and Toronto Blue Jays. He went 9-4 with a 2.53 ERA over 146.0 innings with the Tigers before being dealt to the Blue Jays midseason. In Toronto, he posted an even better 9-1 record with a 2.30 ERA over 74.1 innings.

The five-time MLB All-Star, including a selection to the 2015 All-Star Game, was the first overall selection during the 2007 MLB Draft by the Tampa Bay Rays. He made his MLB debut on September 14, 2008 against the New York Yankees.

Price won the Cy Young Award in 2012 while posting the best American League’s best ERA (2.56) and most wins (20). He led the AL in strikeouts in 2014 (271) when he split the season between Tampa Bay and Detroit.

Over his career, Price is 104-56 with 1,372 strikeouts, 3.09 ERA and 1.132 WHIP in 1441.2 innings over 218 games (213 starts).

The Murfreesboro, Tennessee native was one of the top pitchers available on the free agent market, along former Los Angeles Dodgers starter Zack Greinke. However, the Red Sox opted for Price and paid the price at the same time. His contract is worth nearly $31 million per season.

Price’s new Red Sox contract is much larger than any previous contract given to a starting pitcher. The previous record was the four-year, $82.5 million extension given to Rick Porcello in April 2015.

Boston has been searching for their ace at the top of their rotation and on Tuesday they got just that. The Red Sox are not likely done with adding to their rotation and could make some moves before or at the Winter Meetings this December.

The new Red Sox ace will be paid $30 million per season in 2016-18; $31 million in 2019; and $32 million in 2020-22. None of his salary is deferred and can opt-out of his contract after three seasons.

Welcome to Boston, David Price!

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