Financial details weren’t disclosed. Ortiz, 36, can make $14.6 million this season, ESPN reported, citing a person it didn’t identify. Ortiz was seeking $16.5 million after making $12.5 million last season. The Red Sox had offered $12.65 million, ESPN reported.
Last season, Ortiz had a .309 batting average with 29 home runs and 96 runs batted in.
The seven-time All Star owns baseball’s records with 333 homers and 1,094 RBI as a designated hitter.
The Red Sox have no remaining unsigned players eligible for salary arbitration, the team said in a statement announcing Ortiz’s signing.
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