The Red Sox played hardball with Mike Lowell and won. Lowell realized he could not do any better than Boston, thus he gave in.
According to Nick Cafardo of the Boston Globe, Mike Lowell has re-signed with the Red Sox.
Free-agent third baseman Mike Lowell has agreed in principle to the framework of a three-year deal to return to the Red Sox, major league baseball sources close to the negotiations have confirmed.
Lowell, 33, tested the free-agent waters, and may have received at least one four-year offer from another undisclosed team, but in the end the Sox third baseman elected to stay where he was most comfortable. Sources indicate that the three year deal is worth in the $36-$38 million range.
The Red Sox had placed a deadline of today for Lowell to make up his mind. If Lowell had passed on the Sox offer, which remained pretty close to the original offer they made the World Series MVP, they were ready to begin implmenting their Plan B.