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Red Sox manager Terry Francona signed a 3 year, $12 million guaranteed contract that runs through the 2011 season. He is to be paid $3.5 million in 2009, $3.75 million in 2010, and $4 million in 2011. The contract also calls for two option years, 2012 and 2013 with a to be negotiated salary. If the Red Sox do not exercise the options, they must pay Francona a $750,000 buyout.
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