http://sports.yahoo.com/mlb/news;_yl...v=ap&type=lgns
BOSTON (AP) -- David Ortiz agreed to a $52 million, four-year contract extension with the Boston Red Sox on Monday rather than explore the free-agent market next year.
The deal keeps his powerful bat, bright smile and sharp wit in Boston's clubhouse without the possibility of him departing after the 2007 season, when Ortiz could have become a free agent. But he loves Boston and didn't want to be besieged by suitors.
"You have a lot of people coming right at you," he said during a news conference at Fenway Park. "I feel this is my house and I've got to protect this house."
The designated hitter was in the last year of a $12.5 million, two-year extension he signed in May 2004. That deal called for a $6.5 million salary this year and gave Boston an option for 2007 that currently was valued at $8.4 million with a $1.4 million buyout.
His new agreement includes a $2 million signing bonus payable in three installments this year, keeps this year's salary the same and adds annual salaries of $12.5 million from 2007-10. The Red Sox get a $12.5 million option for 2011 with no buyout.
Very happy about this, perhaps a little risky for a big guy, but letting him go would be career suicide for a GM, as he would be snapped up by the Yankees.