No surprise here. Jason Varitek and the Boston Red Sox have come to terms on a one-year, $5 million deal which includes an option for 2010. The Boston Globe has the details:
"Varitek will earn $5 million in 2009, with the club holding a $5 million option for 2010. If the Red Sox do not pick up that option, Varitek has the choice of remaining with the club on a $3 million deal. In '10, he can earn another $2 million in incentives based on playing time, beginning at 80 games started.
Thus, the potential total value of the deal increases from $8 million-$10 million to $10 million-$12 million. The incentives apply to both the team and player options for 2010."
The only other choice for Varitek would have been retirement or sitting out a year. Nobody was going to sign him and forfeit a draft pick for a .220 hitter. He is the lifeblood of that Red Sox team, though.