Wade Miley signs a three-year contract with the Red Sox

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Wade Miley just had his arbitration years bought out by the Red Sox:

The third year is a team option.

Miley, 28, posted a 4.34 ERA and 183/75 K/BB ratio in 201 1/3 innings over 33 starts this past season. He was set to go to arbitration with the Red Sox. He had filed for $4.3 million and the Red Sox had filed for $3.4 million. So he’s getting a substantial raise over what he could’ve gotten this year, with the Sox no doubt hoping they’ll come out ahead in years two and three. Either way, he still stands to be a free agent following the 2017 season.