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Former Houston Astros infielder Alex Bregman has reportedly agreed to a three-year, $120 million contract with the Boston Red Sox. The deal includes an opt-out clause after each of the first two years, giving Bregman the option to test the market again and attempt to earn the long-term contract he had been searching for.

Because Bregman turned down a qualifying offer from the Astros and wound up signing with another team, the Red Sox will forfeit their second-highest draft pick for signing the two-time All-Star, along with $500,000 in international bonus pool money.