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Red Sox Officially Announce Adrian Gonzalez Extension

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BOSTON, MA - APRIL 8:   Adrian Gonzalez #28 of the Boston Red Sox knocks in a run in the second inning against the New York Yankees on Opening Day at Fenway Park on April 8, 2011 in Boston, Massachusetts. (Photo by Jim Rogash/Getty Images)
BOSTON, MA - APRIL 8: Adrian Gonzalez #28 of the Boston Red Sox knocks in a run in the second inning against the New York Yankees on Opening Day at Fenway Park on April 8, 2011 in Boston, Massachusetts. (Photo by Jim Rogash/Getty Images)
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Well, the worst kept secret in the MLB officially came to an end today.

According to Sean McAdam of CSNNE.com, the Boston Red Sox and first baseman Adrian Gonzalez have come to an an agreement on a seven-year, 154 million dollar contract extension.

The Red Sox acquired the first baseman from the San Diego Padres last offseason for pitching prospect Casey Kelly, first baseman Anthony Rizzo, outfielder Reymond Fuentes, and utility man Eric Patterson.  The Red Sox had been connected to Gonzalez for  much of the past two seasons and finally got their man this offseason.

Gonzalez signs the richest contract that ownership, led by John W. Henry has given out since he bought the team in 2003. Previous ownership signed Manny Ramirez to an eight-year 160 million dollar contract in 2000. 

This is not the first 100 million dollar contract the Red Sox have given out this offseason, as they signed outfielder Carl Crawford to a seven-year, 142 million dollar contract as well.

The Red Sox and Gonzalez's agent, John Boggs have been working towards a deal since Boston acquired the slugger.  Even though they failed to get an extension done in the small negotiating window that was given just after the trade, GM Theo Epstein and Boggs knew what it would take for an extension to happen, and by waiting until after the season began, kept the club from getting hit with luxury tax penalties.

ESPN.com's Buster Olney reports that Gonzalez will receive 21 million dollars annually between 2012-2016 and 21.5 million dollars annually in 2017 and 2018.  Olney adds that Gonzalez will also have a partial no-trade clause in this new deal.

Gonzalez will be the second player the Red Sox have extended during the season, as they signed pitcher Clay Buchholz to a 4-year, 30 million dollar extension just last week. 

With this new extension, Adrian Gonzalez will not join fellow first baseman Albert Pujols and Prince Fielder in free agency next offseason.