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UPDATE: Mike Napoli, Red Sox reach a one-year deal — for only $5 million!

Jan 17, 2013, 9:24 AM EST

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UPDATE: Yes, there are incentives, and if reached, they can boost the deal up to $13 million or so.  Still, the fact that it’s a $5 million base does suggest that the Red Sox were truly spooked by Napoli’s health.

10:20 AM: Wow!  Heyman reports that the Napoli deal is for only $5 million!  That’s is crazy-low given where the sides were at previously.  One has to assume the deal is laden with incentives. Or that Napoli basically doesn’t have a functioning hip.

9:24 AMRob Bradford of WEEI reports that the Red Sox and Mike Napoli have reached a one-year deal.

He has no details, but reports last night suggested that it would be for less than the $13 million AAV that his initial three-year deal, tentatively agreed-to by the Sox before things went sideways, would have given him.

Definitely a downer for Napoli, who probably wanted to end his wandering of the past couple of years. But the fact that he didn’t simply tell the Sox to pound sand and go sign a deal with another team suggests that his hip problem is severe enough that he didn’t think he had the leverage to do so.

For now: he’s the Red Sox’ first baseman.

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