Rob Bradford of WEEI.com reports that the Red Sox and Mike Napoli have reached an agreement on a one-year, $5 million contract.
Financial details are provided by CBS Sports' Jon Heyman. The Red Sox originally signed Napoli to a three-year, $39 million contract earlier in the offseason, but talks hit a snag after an issue with one of his hips was reportedly found during a pre-signing physical. The injury is not expected to keep him from being ready for Opening Day, so it's surprising that Napoli wasn't able to do better in free agency. He'll now look to reestablish his value on a new, one-year deal. If healthy, Napoli should remain a decent fantasy option throughout 2013 as Boston's everyday first baseman.