Papelbon Avoids Arbitration – Stock Goes Up


The Boston Red Sox and closer Jonathan Papelbon came to terms on a one-year contract, the team announced Tuesday night. The deal, which means the Red Sox and Papelbon will avoid arbitration for the second straight offseason, has a base salary of $9.35 million with incentives that could make it worth more than $9.5 million, according to an industry source.In addition to the base salary, Papelbon will receive a $50,000 bonus if he finishes 60 games (he finished 59 last season). The deal also includes standard incentives for MVP, Cy Young, All-Star Game and so on.
His memorabilia plummeted in value after his blown save in the ALDS 2009. Now that he remains on the Sox, autographed baseballs are back in the $150 range.


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