BOSTON (AP) -- The Boston Red Sox and AL Cy Young runner-up David Price have agreed to terms on a seven-year free-agent deal worth $217 million, a person familiar with the negotiations told The Associated Press.
The person spoke on condition of anonymity Tuesday night because the deal - the largest ever for a pitcher - is pending a physical. It is expected to be announced on Friday, the person told the AP.
A left-hander who was the AL's top pitcher in 2012 and the runner-up twice in seven full major league seasons, Price has a 3.09 ERA with 1,372 strikeouts and 104 wins. He went 18-5 with a 2.45 ERA in 2015, striking out 225.
Choosing the Red Sox reunites Price with president of baseball operations Dave Dombrowski, who until this August was the Detroit Tigers' general manager. Dombrowski has had a hand in all three of Price's moves the past two years.
After spending his entire career in Tampa Bay, Price was acquired by Detroit at the 2014 trade deadline. A year later, the Tigers traded him to the Blue Jays at the July 31 non-waiver deadline and Price helped Toronto reach the playoffs for the first time since 1993.
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Source: Red Sox agree to 7-year, $217M deal with Price
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Position: Starting Pitcher Current Team: Texas Rangers Best Fit for 2016: Toronto Blue Jays Notable statistic: Has averaged 191 IP since 2009
(AP Photo/LM Otero)
13. Denard Span
Position: Outfield Current Team: Washington Nationals Best Fit for 2016: Baltimore Orioles Notable statistic: Career-worst -10 defensive runs saved in 61 games in 2015
(AP Photo/Kathy Willens)
12. Dexter Fowler
Position: Outfield Current Team: Chicago Cubs Best Fit for 2016: New York Mets Notable statistic: Had a career-high 84 walks in 2015
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11. Daniel Murphy
Position: Second Baseman Current Team: New York Mets Best Fit for 2016: Los Angeles Angels of Anaheim Notable statistic: Struck out 38 times in 538 plate appearances in 2015
(Photo by Sean M. Haffey/Getty Images)
10. Scott Kazmir
Position: Starting Pitcher Current Team: Houston Astros Best Fit for 2016: New York Yankees Notable statistic: Posted >3 WAR last season for the first time since 2008
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9. Wei-Yin Chen
Position: Starting Pitcher Current Team: Baltimore Orioles Best Fit for 2016: Chicago Cubs Notable statistic: 51 home runs allowed over last two seasons
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8. Mike Leake
Position: Starting Pitcher Current Team: San Francisco Giants Best Fit for 2016: San Francisco Giants Notable statistic: Has had at least 29 starts in each of the last five seasons
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7. Howie Kendrick
Position: Second Baseman Current Team: Los Angeles Dodgers Best Fit for 2016: Los Angeles Dodgers Notable statistic: Career .293 BA over 10 seasons
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6. Ian Desmond
Position: Shortstop Current Team: Washington Nationals Best Fit for 2016: San Diego Padres Notable statistic: 12 home runs, 38 RBIs over final 69 games
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5. Chris Davis
Position: First Baseman Current Team: Baltimore Orioles Best Fit for 2016: Toronto Blue Jays Notable statistic: Has 159 home runs over last four years
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Position: Outfield Current Team: New York Mets Best Fit for 2016: Los Angeles Angels of Anaheim Notable statistic: .222/.232/.352 in 2015 playoffs
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Position: Starting Pitcher Current Team: Kansas City Royals Best Fit for 2016: San Diego Padres Notable statistic: Had a career-high 3.83 SO/W ratio in 2015
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Position: Outfield Current Team: San Diego Padres Best Fit for 2016: San Francisco Giants Notable statistic: Career-high 8 defensive runs saved in 2015
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Position: Outfield Current Team: St. Louis Cardinals Best Fit for 2016: Los Angeles Angels of Anaheim Notable statistic: 6.5 WAR in 2015
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Now he will try to help turn around a team that has finished last in the AL East in three of the last four seasons. (The Red Sox won the World Series in 2013.) On its way to a 78-84, last-place finish in 2015, Boston brought in Dombrowski and he quickly went to work rebuilding the once-proud ballclub.
Dombrowski traded a package of prospects to San Diego for closer Craig Kimbrel last month.
And this week he got someone Kimbrel can save games for.
Price bolsters a rotation that has lacked an ace since the Red Sox balked at the asking price for Jon Lester, who signed a six-year, $155 million deal with the Chicago Cubs. Twelve different pitchers started at least one game for the Red Sox in 2015.
Price joins a rotation that, barring injuries and trades, is expected to include Wade Miley, Rick Porcello, Eduardo Rodriguez and Clay Buchholz. Joe Kelly, Steven Wright and Henry Owens could bolster the bullpen, fill in as starters or serve as trade bait.