NESN learned on Monday night that the 37-year-old Varitek will exercise his $3 million player option for 2010 that includes up to another $2 million in incentives. The move is expected to be formalized on Tuesday and will keep Varitek with the Red Sox through at least the end of 2010.
With the incentives, Varitek would earn an additional $400,000 for starting 80 games in 2010 and another bonus for every 10 starts thereafter.
No shocker, but it did seem to come kind of quickly.