Papelbon and Ellsbury signed, no arbitration

The Boston Red Sox agreed to terms with Jonathan Papelbon and Jacoby Ellsbury today, as reported by WEEI’s Alex Speier. Theo has yet to go to arbitration during his time as Red Sox GM. Papelbon will earn $12 million in 2011, while Ellsbury will earn $2.4 million in his 1st season of arbitration eligibility.

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