Boston Red Sox Sign Jonathan Papelbon to One-Year Deal

The Boston Red Sox and Jonathan Papelbon have avoided arbitration as the club inked the closer to a one-year deal worth $6.25 million.

According to reports the Red Sox and Papelbon discussed a multi-year deal but were unable to reach an agreement. The hard-throwing right hander won’t become a free-agent until the end of the 2011 season.

Papelbon was eligible for arbitration and the new deal represents the largest ever price tag for a first-time arbitration eligible pitcher.

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