Red Sox Sign 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.

• Twitter / @Ken_Rosenthal: Source: Cody Ross to #RedSox. #MLB
• Twitter / @GordonEdes: Sox fill need for OF help by coming to terms with Cody Ross. Major league source says it's a 1-year deal for around $3m, with bonuses