The Red Sox released the following press release about re-signing Curt Schilling. (While terms were not announced, the one-year contract is believed to be worth $8-million, with another $5 or $6-million in incentives):

For Immediate Release

November 6, 2007

RED SOX AGREE TO TERMS WITH PITCHER CURT SCHILLING

ON ONE-YEAR CONTRACT FOR 2008

BOSTON, MA—The Boston Red Sox today agreed to terms with righthanded pitcher Curt Schilling on a one-year contract for the 2008 season. No terms were disclosed.

The announcement was made by Executive Vice President/General Manager Theo Epstein.

Schilling, who had been eligible for free agency, returns for a fifth season in Boston after originally being acquired by the Red Sox in a trade with Arizona in November 2003. In 2007, the righthander, who will celebrate his 41st birthday on November 14, was 9-8 with a 3.87 earned run average in 24 regular season starts.

He posted the second lowest ERA among Red Sox starters and finished fourth on the staff in wins, starts, innings (151.0), and strikeouts (101). Schilling was on the disabled list from June 19 to August 6 with right shoulder tendonitis before returning to post a 3.34 ERA in his final nine regular season starts. He allowed just 23 walks, an average of 1.37 per nine innings, and pitched 8.2 hitless innings in a 1-0 complete game victory on June 7 in Oakland.

Schilling was 3-0 with a 3.00 ERA in four starts during the Red Sox’ march to their second World Series victory in four years. He pitched seven shutout innings to win the third and deciding game of the ALDS against the Angels. After issuing five runs in 4.2 frames with a no decision in Game 2 of the ALCS, Schilling held the Indians to two runs over 7.0 innings in a Game 6 victory at Fenway Park, He concluded his outstanding post-season with a 2-1 win in Game 2 of the World Series, holding Colorado to one run in 5.1 innings.

The post-season performance improved Schilling’s career mark to 11-2 with a 2.23 ERA in 19 playoff starts. Among all-time post-season leaders, he is tied for fifth in wins and ranks eighth in strikeouts (120) while posting the second best winning percentage (.846) and the third lowest ERA among pitchers with at least 100.0 innings.

Schilling has an all-time regular season record of 216-146 with 3.46 ERA in 569 games/436 starts with Baltimore (1999-90), Houston (1991), Philadelphia (1992-2000), Arizona (2000-2003), and Boston (2004-07). He ranks 14th all-time with 3,116 strikeouts and is tied for 76th in wins, recording 15 or more victories eight times. The righthander is 53-29 in 119 regular season games/98 starts in his four seasons with Boston while going 6-1 in the post-season.

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