The Adrian Gonzalez trade, of course, went down on Sunday, but in the end the Red Sox had to send four prospects to the Padres in exchange for Gonzalez without ever settling on a contract extension. However, the Red Sox are confident that they can get something worked out, and Ken Rosenthal has word on some of the parameters.
According to Rosenthal, an extension with Gonzalez will not be for more than seven years, and it will not average out to more than $22 million per season. That would work out to a maximum contract of seven years and $154 million. For the sake of comparison, the contract that Mark Teixeira signed with the Yankees as a free agent in December of 2008 was for eight years, and worth $180 million.
Interestingly, Rosenthal previously reported that Gonzalez was asking for six years and $150 million, while the Red Sox were sticking to five years and $120 million. Those contract offers have a respective annual average value of $25 million and $24 million, so it's possible that they're now looking at more years at a lesser average salary.