David Ortiz, Red Sox agree to one-year, $16 million extension

David Ortiz has been with Boston since the 2003 season. (AP)

David Ortiz will remain in Boston likely until the end of his playing career, as the Red Sox have signed their long-time designated hitter to a one-year extension worth $16 million with team options for 2016 and 2017. Boston confirmed the deal late Sunday night. The move, first reported by ESPN Boston's Gordon Edes, comes two days after Edes wrote that Ortiz and the Red Sox were close on a new deal for 2015.

Ortiz, who is entering the final year of a two-year, $26 million deal, will make $15 million this season. During the offseason, Ortiz made public his desire for a new contract, suggesting that unless he were to get a long-term deal, it would be "time to move on" from Boston. Instead, Ortiz will return to the Red Sox for his 13th season with the team.

According toEdes, the deal could keep Ortiz in Boston through 2017.

According to multiple sources, Ortiz agreed to a $16 million extension for the 2015 season, a $1 million bump from the $15 million he will be paid in 2014. Also in place are options for the 2016 and 2017 seasons that will vest if Ortiz achieves a certain number of plate appearances. If Ortiz triggers the option years, he will remain under Red Sox control into his 40s -- he turns 42 on Nov. 18, 2017, the final year of the deal.

A career .287/.381/.549 hitter over 17 seasons, Ortiz turned 38 in the offseason and is the longest tenured member of the Red Sox. He is the only player still with the franchise who was on Boston's 2004 title-winning team, and in 2013, he helped lead the Red Sox to their third championship in the last 10 years. His 431 career homers are sixth-most among active players and tied for 45th-most in MLB history.

Red Sox owner John W. Henry had this to say, via Twitter.