David Ortiz, Red Sox may be nearing contract extension

David Ortiz and the Boston Red Sox may be finalizing a two-year contract extension, according to a report from Gordon Edes of ESPN Boston, but another report from Alex Speier of WEEI.com says that is 'inaccurate."

Ortiz is reportedly seeking a deal worth $25 million.The Boston Red Sox are finalizing the terms of a two-year deal with free-agent designated hitter David Ortiz that they hope to announce before the end of the week, according to a baseball source. The two-year term -- something that was of utmost importance to the 36-year-old Ortiz -- has already been agreed upon, the source said Tuesday, but the sides are still haggling on compensation. - Gordon Edes, ESPN Boston

Multiple sources familiar with the negotiations between David Ortiz and the Red Sox suggested that reports of a nearly finalized two-year deal between the sides were inaccurate. Specifically, a suggestion that a two-year deal for $22 million to $26 million represented a "formality" was characterized as "inaccurate," or at least, at this point, premature. - Alex Speier, WEEI.com.

Ortiz, who made $14.575 million last season, is believed to be seeking a deal worth $25 million, per Edes. Ortiz hit .318 with 23 home runs and 60 RBI last season before his year was cut short due to injury. Ortiz has played 10 years in Boston -- 16 total -- and has a .290 BA with 343 HR and 1,088 RBI with the Sox.

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