Seven months before a November deadline, the Boston Red Sox exercise their 2004 contract option on Pedro Martinez

On April 7, 2003 – – Seven months before a November deadline, the Boston Red Sox exercises their 2004 contract option on 31-year-old Pedro Martinez, making him the highest-paid pitcher for a season in major league history. A three-time Cy Young Award winner, Martinez will earn $17.5 million next season. Martinez will help break the 86 World Series Draught in 2004.

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