BoSox exercise $7.7M option on Martinez (AP)

[ASFN Admin]

The Red Sox have exercised their $7.7 million option on Victor Martinez and declined options on Jason Varitek and Alex Gonzalez. They also agreed to a $5 million, two-year contract with 43-year-old knuckleballer Tim Wakefield, replacing a perpetual $4 million annual club option. The moves on the options were expected after Boston obtained Martinez from the Cleveland Indians on July 31 and he...

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