ESPNews is reporting that the Red Sox and Julio Lugo have agreed to terms on a four-year, $36 million contract.

A very expensive day for Boston, and we're guessing that spending $106 million on a couple of non-superstars won't go over particularly well. However, Lugo, like Drew, is an underrated defender with quality on-base skills. If he plays like he did in 2005 and the first half of 2006, he's worth $9 million per year in this market. Still, like every other deal this winter, this is one year too long. The Red Sox can now put Dustin Pedroia at second base and leave him there. They also might be more open to trading Coco Crisp since they have another option at the top of the order.