as per several reports on MLBTR...
1 year - $9M with $5M player option.
Seems to be a bit of a sweetheart deal for the Sox, but they will have to eat pretty much all of Lowell's contract to trade him now (if that's possible). I am pretty amazed Beltre can still get a deal approaching $10M a year after how dissapointing his tenure with the M's has been. I guess people are still waiting on his potential.
As a Jays fan, I'm glad the BJ's aren't competing this year, Boston and New York seem to be getting in an arms race. A year or two down the road when all these contracts are weighing down the Yanks and BoSox, the AL East will be more competetive.