Red Sox Sign Cody Ross

SAN FRANCISCO - OCTOBER 19: Cody Ross #13 of the San Francisco Giants hit a RBI single against Cole Hamels #35 of the Philadelphia Phillies in the fourth inning of Game Three of the NLCS during the 2010 MLB Playoffs at AT&T Park on October 19 2010 in San Francisco California. (Photo by Harry How/Getty Images) *** Local Caption *** Cody Ross

Update 9:09 PM ET: It's a one-year deal worth around $3 million with performance bonuses, according to Gordon Edes of ESPN Boston.

After trading shortstop Marco Scutaro, the Boston Red Sox freed up $6 million in payroll. Many believed the club would use that money to sign or trade for a starting pitcher (read: Roy Oswalt), but they opted to sign an outfielder instead - at least for now. According to Ken Rosenthal of FOX Sports, the Red Sox have signed free-agent outfielder Cody Ross to a deal.

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