David Price, a 30-year-old left-hander with a history of dominance in the American League, reached an agreement with the Boston Red Sox on Tuesday on a seven-year, $217 million deal that will be the richest for a pitcher in major league history.
A person with direct knowledge of the negotiations confirmed the deal and was granted anonymity because the team had not announced it. Peter Abraham of The Boston Globe was the first to report the agreement, which completes a swift three-part plan to lift the Red Sox out of the East basement, where they have finished last in three of the last four seasons.