Source: Lackey agrees with Red Sox

Updated: December 16, 2009, 12:19 AM ET
By Jayson Stark and Jerry Crasnick | ESPN.com

The Boston Red Sox have signed right-handed pitcher John Lackey.

Lackey had to pass a physical before the deal became official. The team scheduled a 1:30 p.m. ET press conference to announce the signing.

The agreement was first reported by ESPN.com's Jayson Stark.

The deal is worth $82.5 million over five years, sources told ESPN The Magazine's Buster Olney on Tuesday.

Lackey traveled to Boston for a physical exam Monday, fueling speculation that an agreement ...

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