Found November 09, 2009 on Mighty Quinn Media Machine:
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The Red Sox and Tim Wakefield reached agreement on a two-year deal today that will pay Wake $5 million for 2010 and 2011 plus incentives.Wake now gets a serious shot at the Red Sox record for wins in a career, as he is just 17 wins away from tying Cy Young and The Texas Con Man's record.The Sox also exercised the option on Victor Martinez for 2010, and declined the options on both Alex Gonzalez and Jason Varitek for 2010. Gonzalez was due $6 million, but could still be back at a lower contract. Varitek's option was $5 million, and no one was surprised the Sox declined. Tek has a player option for $3 million, and has five days to exercise that, otherwise he becomes a free agent.Here's more from Extra Bases on all these moves today.
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Wakefield Contract Change

The Red Sox dropped their perpetual $4 million option with Tim Wakefield and signed him to a two-year contract: Rather than pick up another year of Wakefield’s perpetual $4 million option, the Sox yesterday signed him to a two-year contract worth at least $5 million. Wakefield will make a base salary of $3.5 million in 2010 and [...]

Wakefield Signs a Two-Year Deal

Tim Wakefield renegotiated his perpetual team option deal and instead will have a guaranteed two-year 5 million dollar contact, which he signed on Monday. Wakefield will turn 44 in the middle of next year and has 189 wins. The deal gives him a solid shot at 200 wins for his career. Additionally [...]

Red Sox Sign Wakefield to 2-Year Deal, Decline Option on Varitek

The Boston Red Sox have struck a deal with starting pitcher Tim Wakefield. The contract is worth a guaranteed $5 million over the next two seasons, with contract incentives that could bring it up to $7 million. The Sox usually exercise Wakefield’s recurring $4 million deal each season, but after back surgery, they wanted to [...]

Red Sox sign Tim Wakefield to two more years, subject to league approval of his using a walker to get to the pitcher's mound

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Boston Red Sox, Tim Wakefield agree to two-year deal

The Red Sox reportedly picked up Victor Martinez's $7.1 million team option, declined Jason Varitek's $5 million team option, and tore up Tim Wakefield's team option and replaced it with a two-year agreement.

Going for the Low Price on Varitek

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Jason Varitek Picks Up Player Option

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Red Sox Make Minor Moves

According to Rob Bradford, the Red Sox have declined Jason Varitek's $5 million option for the 2010 season. He now has five days to decide whether to exercise his $3 million player option (with up to $2 million in incentives) for the 2010 season.Bradford also reports that the Red Sox have come to terms with Tim Wakefield on a two-year deal worth $5 million. He will receive $3...

Varitek Exercises Player Option With Red Sox; Torrealba Declines Colorado Offer

Jason Varitek has exercised his $3MM player option, according to Adam Hirshfield of NESN.com, and will return to the Red Sox in 2010, shortly after Boston had declined Varitek's $5MM team option.The decision comes after the Red Sox made it clear that they plan on using Victor Martinez as their everday catcher in 2010, and speaks also to the expected difficulties many players...

C Jason Varitek exercises option to stay with Red Sox as backup to Victor Martinez

Varitek exercises option to remain with Red Sox

BOSTON — Catcher Jason Varitek has exercised his $3 million option to stay with the Boston Red Sox. Boston declined to exercise its $5 million club option on Monday, and Varitek then had ...Read the full article on Bleacher Report...

Red Sox pick up V-Mart's option as part of a busy day

The Boston Red Sox have exercised the club option on catcher Victor Martinez for the 2010 season, but declined to pick up options on both Jason Varitek and shortstop Alex Gonzalez.
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