Article: AP Sources: Varitek, Red Sox reach agreement

The Boston Red Sox wrapped up their offseason bargain hunting Friday by reaching a preliminary agreement with catcher and captain Jason Varitek that pays him half as much in 2009 as he made last season. Varitek heads into his 13th major league season, all with the Red Sox, with a guaranteed $5 million for 2009 and a player option of $3 million or a team option of $5 million for 2010, two people familiar with the talks said, speaking on condition of anonymity because the agreement was not yet final.

That's quite a drop from the four-year, $40 million deal that ended after last season and less than he would have made had he accepted the team's offer of arbitration in early December.

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