Red Sox, Papelbon agree to one year deal worth $775K
Mar 7th, 2008 • Players • Teams • Transactions
On Thursday, closer Jonathan Papelbon and the Boston Red Sox agreed to terms for a new contract worth $775,000. Papelbon was the last Red Sox 40 man player not under contract yet. When asked about his new contract, Papelbon explained that he felt “a certain obligation not only to [himself] and [his] family to make the money that [he] deserves but for the game of baseball.”
Last year, Jonathan Pabelbon earned just over $425K, making his new contract nearly a double raise. He will soon see another raise, being eligible for arbitration trials next year. Experts expect Papelbon’s looming contract to include a hefty multi-million dollar salary. He finished the ‘07 season with a 1.85 ERA, converting 37 of 40 save opportunities to saves.