The Boston Red Sox and Josh Beckett agreed on a four-year $68 million deal earlier this week. This move locks up one of their aces through 2014.
Had Beckett reached free agency I think he would have gotten a deal similar to what John Lackey got, which was 5 year $82 million. So I think the Red Sox got some good value here. Beckett has been worth more than 5 wins the last three seasons. His injury concerns that plagued him in the past appear to be gone as well. He has averaged around 30 starts the past three seasons. He has pitched close to 200 innings a season in that period as well. If he can sustain his ground ball rate and lower his home-run rate slightly he should continue to be a great pitcher.
This is a great deal for the Red Sox. They now have four of their most valuable pitchers in Beckett, Lackey, Jon Lester, and Clay Buchholz signed through 2014.