Report: Red Sox offered Jon Lester a four-year extension worth $70 million

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We already knew that the Red Sox and left-hander Jon Lester tabled extension talks at the end of spring training, but now we have some details about the negotiations. And it doesn’t bode well for his chances of staying in Boston.

FOX Sports’ Ken Rosenthal reports that Boston’s most recent offer to Lester was a four-year deal worth $70 million. This confirms reports from Rob Bradford of WEEI.com and Jeff Passan of Yahoo Sports. That’s an AAV (average annual value) of $17.5 million. Lester has expressed a desire to stay in Boston and take a hometown discount, but that sounds awfully low.

According to Rosenthal, Lester rejected the offer and will not resume negotiations until after the season. Given the lucrative market for starting pitching, the Red Sox will likely have to significantly improve their offer in order to keep him from testing the free agent market.

Lester is coming off a bounceback year and owns a 2.57 ERA through three starts this season. He turns 31 next January.

Report: Brewers sign Yovani Gallardo to a major league deal

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Free agent right-hander Yovani Gallardo is headed back to the Brewers on a major league deal, The Athletic’s Ken Rosenthal reports. No other terms have been reported yet, as the agreement is still pending a physical.

Gallardo, 31, completed a one-year run with the Mariners before getting his $13 million option declined by the team last month. He provided little value during his time in Seattle, pitching to a 5-10 record in 22 starts and putting up a 5.72 ERA, 4.1 BB/9 and 6.5 SO/9 in 130 2/3 innings as both a starter and reliever.

Still, assuming the veteran righty is on the cusp of a comeback, he may as well try for it with his original club. Gallardo last appeared for the Brewers from 2007 to 2014, racking up a cumulative 20.8 fWAR and peaking during the 2010 season, when he earned his first All-Star nomination and Silver Slugger award. This will be his ninth career season with the club.

Even with Gallardo aboard, the Brewers are expected to continue deepening their pitching stores for 2018. With team ace Jimmy Nelson still recovering from shoulder surgery, the club will enter the season with a projected rotation of Gallardo, Zach Davies, Chase Anderson and Junior Guerra, the latter of whom pitched just 70 1/3 innings in 2017 following a right calf strain and shin contusion. Another big name pitcher could help cement Milwaukee’s rotation and keep them competitive for another year, though they don’t appear to have made any concrete moves in that direction so far.