Jonathan Papelbon and the Boston Red Sox agreed on a $6.25 million dollar contract for the 2009 season. It was the first time that Papelbon was arbitration eligible and the Red Sox management did not want to go to a hearing so they got a deal on Tuesday. Papelbon will not be eligible for free agency until after the 2011 season with the new deal.
Overall I think it is a good deal when you compare it to other closers and relievers out there. Great job by Theo and the upper management!