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Chris Sale and Red Sox agree to five-year extension

It’s happening!

MLB: Boston Red Sox-Workouts Jasen Vinlove-USA TODAY Sports

It’s been extension season all around baseball the last week or two, but the Red Sox have been sitting out. It seems that’s about to change. According to Alex Speier, the Red Sox are close to a deal with Chris Sale to keep their ace in Boston.

Jeff Passan says the deal will be worth around $150 million over five years.

We’ll keep you posted as we learn more.

Update: The deal is done.

As long as everything goes well with the physical, Sale’s new five-year deal will be finalized. The final terms are for a total of $145 million.

Update 2: The physical has been passed and the deal is official. Ken Rosenthal has the contract breakdown, which includes an opt-out after the third year of the deal.