Red Sox reportedly agree with Penny

Updated: December 29, 2008, 10:55 AM ET
ESPN.com news services

After saving millions when they couldn't sign free-agent first baseman Mark Teixeira, the Boston Red Sox appear to have banked another penny.

Boston media outlets are reporting that the team has agreed to terms with free-agent pitcher Brad Penny. The reports indicate the right-hander will receive a one-year, $5 million deal and can earn an additional $3 million for throwing more than 160 innings.

Looking to add a catcher, the Red Sox also agreed to a non-guaranteed major league ...

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