The 28-year-old was acquired from the Arizona Diamondbacks earlier this offseason. The deal for Miley includes a $12 million team option for 2018 with a $500,000 buyout, according to Bob Nightengale of USA Today. The left-handed pitcher will make $6.4 million through his three seasons of arbitration.
Miley's #Redsox deal;,$500,000 signing bonus;$3.5M in 2015;$6M in 2016;$8.75M in 2017:12M option in 2018 w $2M in incentives/$500,000 buyout
— Bob Nightengale (@BNightengale) February 5, 2015
-Evan Petzold