The Red Sox have signed left-hander Wade Miley to a three-year, $19.25 million contract to avoid arbitration, according to an announcement from his agents at O'Connell Sports Management. According to Alex Speier of the Boston Globe, the deal includes a $12 million team option for 2018, extending the team's control over the left-hander.
Miley was not eligible to become a free-agent until after the 2017 season, so the Red Sox will achieve cost certainty and one extra year of control as a result of the new deal. Bob Nightengale of USA Today reported the structure of the contract, which has the ability to reach a maximum of $31 million over four seasons.
Miley's #Redsox deal;,$500,000 signing bonus;$3.5M in 2015;$6M in 2016;$8.75M in 2017:12M option in 2018 w $2M in incentives/$500,000 buyout— Bob Nightengale (@BNightengale) February 5, 2015
Miley, 28, was originally acquired by Boston during the Winter Meetings and will join a new-look Red Sox rotation alongside Clay Buchholz, Joe Kelly, Rick Porcello and Justin Masterson. The southpaw has posted a 38-35 record and 3.79 ERA in four seasons with the Diamondbacks, and was named to the NL All-Star team in 2012.