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David Ortiz signs a 4 year contract extension

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The Red Sox agreed to a four year contract extension with David Ortiz, with an option for 2011.

No terms yet, but I'm guessing it is around $45 million for the four years.

Update [2006-4-10 16:46:10 by Adam J. Morris]: -- Thanks to chief for pointing out that Over the Monster says 4 years, $50 million.