Sports Sportsin partnership with NESN your connection to The Boston Globe

Pedro agrees to terms on 4-year, $50m deal with Mets

It appears Pedro Martinez has pitched his final game in a Red Sox uniform.

Three major league sources confirmed to the Boston Globe that Martinez and the New York Mets agreed to terms on a four-year, $50 million deal this afternoon. The contract is pending Martinez passing a physical.

The Red Sox resigned themselves today to losing the three-time Cy Young Award winner.

"He was a great member of the Red Sox team for seven years, and a certain Hall of Famer," Red Sox president Larry Lucchino told The Associated Press in an e-mail. "He will be missed, and we are disappointed to have lost him to the Mets and the National League."

Martinez's agent, Fernando Cuza, told the Mets he would attempt to work out a deal with them after New York guaranteed a fourth year, a person involved in the talks said on condition of anonymity.

Mets general manager Omar Minaya expressed confidence about the negotiations with Martinez, but wouldn't detail the discussions. Minaya then left baseball's winter meetings and returned to New York, and the sides will work by telephone to finalize the contract language.

Martinez helped pitch Boston to its first World Series title since 1918, but Red Sox general manager Theo Epstein refused to increase the team's offer in the past two days.

Boston's final proposal was a $40.5 million, three-year deal that contained a club option for 2008, a baseball official told the Associated Press on condition of anonymity.

"We put our best foot forward and made an offer that makes sense to the club," Epstein said. "We think it's a fair and generous offer."

Coincidentally, this news comes exactly eight years to the day the Red Sox officially lost their last ace, Roger Clemens, to free agency. The Rocket inked a deal with the Toronto Blue Jays on Dec. 13, 1996.

At the Anaheim Marriott, where baseball’s winter meetings are taking place, Minaya would not confirm nor deny reports his team had agreed with Martinez, or if they had even offered him a fourth year. He told the Boston Globe's Gordon Edes he would not comment on negotiations.

"On that front, all I'm going to say is we're having dialogue," Minaya said.

He added: "There comes a point where you have to have some closure, we're working as hard as we can."

The Mets initially offered Martinez a three-year deal worth $37.5 million plus a $12.5 million for 2008.

Now that Martinez is apparently headed to New York, there were indications the Red Sox not only turned their attention back to Edgar Renteria, but that they were again close to a deal with the star free-agent shortstop. 

Today (free)
Yesterday (free)
Past 30 days
Last 12 months