Terms have yet to be released and "lawyers are handling the details," according to the email from Henry.

As reported by Dan Shaughnessy of the Boston Globe:

‘‘We are all on the same page with regard to our vision for the organization," Henry wrote in an e-mail this afternoon. "The negotiations were pleasant and were all about rewarding Theo for the great, great job he has done in bringing two world championships to the Red Sox. We look forward to the difficult task of trying to win a third."

Boston is currently within fractions of a percentage point from first place in the AL East, and are tied with the Tampa Bay Rays. The two teams are playing Game 2 of a three game series with the Rays with the Red Sox taking Game 1 of the series last night 13-5 in a duel between Daisuke Matsuzaka and Scott Kazmir. Tonight’s game sees Josh Beckett up against Andy Sonnanstine.

A tip of the hat to Ken Fang of Fang’s Bites

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