The Red Sox have signed a one-year deal with Martin Perez, joining forces for second successive season, as per Ken Rosenthal from the Athletic group.
The deal was confirmed by Chris Cotillo from the website MassLive.com.
Perez will be earning a $4.45mm salary this year with one $6mm option for the next year followed by one $500k buyout.
He will also be earning an additional $100k for each 10 innings after 130 innings this year, with max cap of $500k, added Rosenthal. OL Baseball Group represents Perez.
The previous year’s pact worked well for both the sides to primarily get it back at one slightly reduced price point. Last November, Boston had refused its $5.25mm option and instead paid a $500k buyout. Perez, after receiving a guaranteed $6.4mm previous year, signed a $5mm guarantee in 2021 with the possibility of an extra $6mm if Boston gains their next year option.
Cotillo said that the Sox will require at least 2 arms for rotation, and so an agreement with Perez does not preclude a deal later forgetting an arm such as Matt Moore, Jake Odorizzi and Garrett Richards. But still, Perez fills up a huge hole as one safe bet to earn innings.