UPDATE: David Ortiz to accept arbitration, stay with Red Sox

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7:00 p.m. EST update: ESPN Deportes’ Enrique Rojas reports that Ortiz is planning to accept Boston’s offer of arbitration, something that should guarantee him at least a modest raise from the $12.5 million he made last season. The Red Sox still might be able to change his mind by offering him an improved two-year contract. Ortiz has made it clear in the past they he prefers being on a multiyear deal.

6:50 p.m. EST update: WEEI’s Alex Speier is confirming the McDonald report of a two-year, $18 million offer and says that Ortiz is looking for $25 million. Ortiz’s agent and the Red Sox are due to meet again tonight.

4:35 p.m. EST update: ESPN Boston’s Joe McDonald reports that the Red Sox have offered Ortiz a two-year, $18 million deal. Considering that Ortiz has the arbitration leverage, that’s not going to get a deal done. Ortiz made $12.5 million last season and has a great case for a raise in arbitration based on his production. $25 million for two years seems like a much more suitable meeting place.

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The Boston Globe’s Peter Abraham reports that there “does not seem to be a team legitimately interested in David Ortiz beyond the Red Sox,” and ESPNBoston.com states that “one way or another” Ortiz will remain with Boston.

The one way or another comes down to the Red Sox’s arbitration offer. Ortiz could accept that and potentially make $14 million-$15 million next year. Alternatively, he could re-up for two years at something like $25 million total.

Ortiz has until midnight Wednesday to accept the arbitration offer.

The 36-year-old Ortiz is coming off his best season since 2007, having hit .309/.398/.554 with 29 homers and 96 RBI in 525 at-bats. However, there are several other DH options available, all of whom would come much cheaper. Add in the fact that Ortiz would cost his signing team a draft pick and it’s easy to see why there isn’t much demand for his services.

Report: Red Sox expected to announce J.D. Martinez signing on Monday

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Tomorrow will mark a week since the Red Sox reportedly inked outfielder J.D. Martinez to a five-year, $110 million contract. The signing hasn’t been made official yet, however, due to an apparent medical issue. That will change tomorrow morning as the Red Sox have a press conference scheduled with Martinez where they’re expected to announce the signing at long last, Evan Drellich of NBC Sports Boston reports.

According to Jon Heyman of FanRag Sports, the terms of the deal aren’t expected to change. Presumably, the Red Sox had some safeguards put into the contract to protect them against whatever spooked them with the results of Martinez’s physical.

Martinez, 30, was the top free agent hitter after batting .303/.376/.690 with 45 home runs and 104 RBI in 489 plate appearances last season with the Tigers and Diamondbacks. He has expressed an interest in continuing to play in the outfield, but MLB.com’s Ian Browne says he will get a majority of his playing time as a DH with the Red Sox. Hanley Ramirez will share first base with Mitch Moreland.