38 Pitches…Again

From ESPN.com less than an hour ago:

Curt Schilling and the Boston Red Sox have reached an agreement on a one-year deal worth about $8 million in base salary and another $2 million in potential incentives, ESPN The Magazine’s Buster Olney reports.

The agreement is pending Schilling, 40, passing a physical exam.

Next step: Mike Lowell. (And check back later today for The Official Re-Sign Mike Lowell Blog Post.)

UPDATE 13:34 EST: According to the Red Sox page at Boston.com, the deal is actually for $8 million plus a potential $5 million in incentives, "$3m in performance bonuses based on innings pitched and $2m based on weight clauses" — although at the moment, the article that link goes to mentions nothing about the weight incentives. Here’s a screen grab of the page currently (click for larger version):

UPDATE 14:06 EST: Curt breaks down the incentive arrangement on his blog:

The deal looks like this.

$8 million in guaranteed base salary

$2 million in bonuses for 6 seperate weigh ins.

I inserted the weigh in clause in the 2nd round of offers, counter offers. Given the mistakes I made last winter and into Spring Training I needed to show them I recognized that, and understood the importance of it. Being overweight and out of shape are two different things. I also was completely broad sided by the fact that your body doesn’t act/react the same way as you get older. Even after being told that for the first 39 years of my life. Now I can’t get on Dougie anymore, which sucks, and I am sure the clause will add 15-100 more jokes to Tito’s Schilling joke book.

$3 million in IP incentives based on IP totals.

$1 million for receiving a Cy Young vote, any vote.

Keep in mind that Curt doesn’t have an agent, so this is something he didn’t have to get talked into.