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Report: David Price signs $217 million deal with Red Sox

The Associated Press

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.

The left-hander was the AL’s top pitcher in 2012 with the Tampa Bay Rays and the runner-up twice in seven full major-league seasons, Price has a 3.