The Boston Red Sox announced the re-signing of designated hitter David Ortiz on Monday.
ESPN Boston reported that the deal is for two years at $26 million. Ortiz will get $14 million next year and $11 million in 2014 with a $1 million signing bonus. Incentives could up the value of the contract to $30 million. Ortiz made $14.575 million this past season.
The team will have a press conference at 4 p.m. ET.
Ortiz and the team reached an agreement Friday night.
He batted .318 with 23 home runs and 60 RBI in 90 games. His season was limited by a right Achilles strain he sustained on July 16 and played only one more game after that.
Ortiz, 36, has a .290 average with 343 homers and 1,088 RBI in his 10 years with Boston and was key to helping the Red Sox win World Series titles in 2004 and '07.