The Red Sox did indeed sign shortstop Marco Scutaro to a two-year deal last night, and there's a mutual team option for 2012. He'll be getting close to $10 million in the deal.
Scutaro gets a $1 million signing bonus, $5 million in both 2010 and 2011, a 2012 option with a $6 million team option, a $3 million club option, and a $1.5 million buyout. In all it makes it a $12.5 million deal.
The Blue Jays get a first round pick from the Red Sox, and since the Sox are getting one from the Braves when they signed Billy Wagner this week, the Red Sox basically traded Scutaro for Wagner (and picked up a compensation pick as well when the Braves grabbed Wagner). If the Red Sox sign Matt Holliday, the pick they lose for Scutaro then becomes a second round pick.
I didn't put any stock in those rumors about Dustin Pedroia moving to short, so now he can stay at second. Scutaro figures to be the bridge to Jose Iglesias, the 19-year-old the Red Sox are counting on to be their shortstop of the future.