Lowell re-signs with Red Sox

Mike Lowell is headed back to Boston after agreeing to a 3 year 37.5 million dollar deal with the team this afternoon.

Apparently the Phillies bluffed their disinterest over the weekend (perhaps to keep the Sox from bumping their offer), and it nearly worked—they had Lowell *this* close to agreeing to a 4-year 50 million dollar offer on Sunday night. But in a move that will forever endear him to Red Sox fans, Lowell decided to take a home town discount and return to Boston in 2008.

This was a great move by the Sox, and it’s one of the rare instances in sports where what the fans want is also what’s best for the club.

The front office stuck to their guns and signed Lowell on their terms, picking up a veteran 3rd baseman without having to surrender the pitching prospects it would have taken to get Cabrera from Florida.

By signing Lowell in free agency, the Red Sox have their young guns available for any other trades they may want to pursue (Bucholz would be a worthy inclusion in a deal for Santana). And that flexibility is worth every penny they paid for Lowell.

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