By Matt McCarthy, 985TheSportsHub.com
The Red Sox have locked one of their core players up through 2025, signing shortstop Xander Bogaerts to a 7-year, $132 million contract extension.
The signing was first reported by ESPN's Jeff Passan. Evan Drellich was the first to indicate a deal was close.
Final details on Xander Bogaerts' deal with Boston, which was first reported as close by @EvanDrellich, are being hammered out. It will begin this season. There will be an opt-out. Bogaerts will be locked up long-term, though, taking another big name off the market next winter.
— Jeff Passan (@JeffPassan) April 1, 2019
The contract, worth $20 million per year after 2019, will make Bogaerts the highest-paid shortstop annually in baseball.
Source confirms Xander Bogaerts and the Red Sox are finalizing an extension that will pay him $120M from 2020-25. @JeffPassan was first with the extension news.
— Mark Feinsand (@Feinsand) April 1, 2019
Elvis Andrus of the Texas Rangers was previously the top-paid shortstop in baseball at $15 million per year.
Bogaerts will still be paid $12 million in 2019, a figure that the sides agreed to before the season began. The Red Sox likely wanted to avoid any type of pay raise this year due to luxury tax concerns.
Pablo Sandoval's $19 million per year hit comes off the books following 2019, meaning the Red Sox can essentially reallocate those funds from Sandoval to Bogaerts.
The 26-year-old Bogaerts is coming off a career year, hitting .288 with a career-high 23 home runs in 2018.
Bogaerts was set for free agency following the 2019 season.